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Restaurant

Scooter's Coffee

1010 62nd St, Marion, IA 52302

Listing Price: $1,100,000

Cap Rate
6.75%
Tenant Name
Scooter's Coffee
Guarantor
Franchisee Guarantee
Rentable SF
600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$123.75

Investment Overview

• Brand New 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
• Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
• Four (4) Extension Option Periods of Five (5) Years Each Bring the Potential Lease Term to Forty (40) Years
• Ideal for Out-of-State Investors - Tenant is Responsible for All Maintenance, Taxes, Insurance, Roof,
and Structure

Investment Highlights

  • • One of Iowa's Fastest-Growing Cities – and One of the Youngest Per Capita
  • Located Only 3.8 Miles From Cedar Rapids, the Second-Most Populous City in Iowa
  • • Part of the East Town Crossing Project, Marion's First Large Scale Mixed Use Development, with the Construction of a Holiday Inn Express and Suites Being Recently Approved

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Restaurant

Scooter's Coffee

Listing Price: $1,100,000

Cap Rate
6.75%
Tenant Name
Scooter's Coffee
Guarantor
Franchisee Guarantee
Rentable SF
600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$123.75

Investment Highlights

  • • One of Iowa's Fastest-Growing Cities – and One of the Youngest Per Capita
  • Located Only 3.8 Miles From Cedar Rapids, the Second-Most Populous City in Iowa
  • • Part of the East Town Crossing Project, Marion's First Large Scale Mixed Use Development, with the Construction of a Holiday Inn Express and Suites Being Recently Approved

Investment Overview

• Brand New 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods • Four (4) Extension Option Periods of Five (5) Years Each Bring the Potential Lease Term to Forty (40) Years • Ideal for Out-of-State Investors - Tenant is Responsible for All Maintenance, Taxes, Insurance, Roof, and Structure

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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