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    1705 S Memorial Dr New Castle, IN 47362

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    For Sale
    $1,920,000

    760 SF Scooter’s Coffee absolute NNN asset for sale.

    Property size:
    760 SF
    Lot size:
    0.66 Acres

    Property Features for 1705 S Memorial Dr

    General Information

    Size
    760 SF
    Lot size
    0.66 Acres

    Source: Sands Investment Group (SIG) - Corporate Agent Jack Liberatore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Scooter’s Coffee NNN Asset

    This 760 square foot Scooter’s Coffee property is located at 1705 South Memorial Drive in New Castle, IN. It is an absolute NNN asset with zero landlord responsibilities. The property is suitable for coffee shops, restaurants, retail properties, storefront properties and individual retail properties. A corporate guaranteed absolute triple net (NNN) investment is offered. A 20-year lease with 10% increases every 5 years will commence at the close of escrow, providing for a secure investment.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Scooter's Coffee, Cafe Royal

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    Henry
    State
    Indiana
    Longitude
    -85.384425
    Latitude
    39.914709

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    FAQs

    What type of property is this?
    Coffee shop - 760 SF Scooter’s Coffee absolute NNN asset for sale.
    Where is this coffee shop located?
    The property is located at 1705 S Memorial Dr New Castle, IN.
    What is the asking price?
    The asking price for this property is $1,920,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Zero landlord responsibilities.; - Corporate Guaranteed Lease: Provides a secure investment.; - 20-Year Lease Term: Enjoy a long-term stable income stream.
    (844) 474-4666
    Request Owner's contact information
    1705 S Memorial Dr New Castle, IN 47362
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    New Castle, IN 47362
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1705 S Memorial Dr New Castle, IN 47362
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