719 Richmond Ave | Ottumwa, IA 52501
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719 Richmond Ave
Ottumwa, IA 52501
Scooter's Coffee | Absolute NNN - 6% 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.
- RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
- HIGH TRAFFIC AREA – Close proximity to the U.S 34, a major thoroughfare in the city of Ottumwa with heavy vehicle traffic.
- ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- FRANCHISE GUARANTEE – The lease is guaranteed by the Franchisee, a strong and growing 12-unit operator looking to expand to 50 locations.
- PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,383 SF
Building Class
B
Year Built/Renovated
1982/2020
Building Height
1 Story
Building FAR
0.16
Lot Size
0.34 AC
Zoning
C - Commercial
Parking
15 Spaces (6.29 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Drive Thru
PROPERTY TAXES
| Parcel Number | 007416930026000 | Improvements Assessment | $582,360 |
| Land Assessment | $37,460 | Total Assessment | $619,820 |
PROPERTY TAXES
Parcel Number
007416930026000
Land Assessment
$37,460
Improvements Assessment
$582,360
Total Assessment
$619,820
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