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1026 West St
Grinnell, IA 50112
Scooter's Coffee - Absolute NNN | 6.25% CAP · Retail Property For Sale
Investment Highlights
- LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
- FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 28+ unit operator and the Scooter's Franchise of The Year award recipient.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- COLLEGE TOWN DEMOGRAPHICS – Grinnell College students come from affluent families and have high discretionary income.
- MINIMAL COMPETITION – There is a clear lack of drive-thru coffee competition in the area, giving this location a significant advantage.
Property Facts
Property Type
Retail
Property Subtype
Building Size
650 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.41 AC
Frontage
50’ on West Street
Amenities
- Corner Lot
- Signalized Intersection
Property Taxes
| Parcel Number | 180-0452900 | Improvements Assessment | $302,260 |
| Land Assessment | $143,770 | Total Assessment | $446,030 |
Property Taxes
Parcel Number
180-0452900
Land Assessment
$143,770
Improvements Assessment
$302,260
Total Assessment
$446,030
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