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327 Story St
Boone, IA 50036

$1,200,000 USD

General Retail For Sale  •  544 SF

Property Details

  • Property Type General Retail
  • Total Building Size 544 SF
  • Lot Size 0.49 AC
  • Year Built 2019
  • Cap Rate 6.25 %
  • Tenancy Single
  • Zoning INC
0 Transit Score
81 Walk Score

Highlights

LONG TERM & BRAND-NEW LEASE – 10-year lease will commence at the COE, providing a long term and stable investment for a new investor.
ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
RENTAL INCREASES – There are 2% rental increases annually, providing an investor a hedge against inflation.
FRANCHISE GUARANTEE – The lease is guaranteed by the Franchisee, a strong and growing 13-unit operator looking to expand to more locations.
MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 400+ locations across 26 states.
HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and has excellent visibility along 4th Street with heavy vehicle traffic.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $75,000 USD (2023)
Cap Rate: 6.25 %

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
Paul Matusik 714-875-2400 Prime Net Lease
Paul Matusik 714-875-2400 Prime Net Lease