100 Family Fare Dr Nappanee, IN 46550
This exceptional investment opportunity presents a 600-square-foot, Class A Scooter's Coffee property located at 100 Family Fare Dr, Nappanee, Indiana, 46550. Built in 2022, this single-story building sits on a 0.43-acre lot zoned C-Commercial and boasts a prominent location on US Highway 6, less than a mile east of IN-19, ensuring high visibility. The property is offered for sale at $1,500,000, representing a compelling $2,500 per square foot price. The investment features a 15-year absolute NNN lease with a current NOI of $90,000, translating to a 6% cap rate. The lease includes a monthly rent of $7,500, with attractive 10% rental increases every five years, and three 5-year options to extend the lease at the same 10% increase. The franchisee, with a proven track record of success, operates two additional Scooter's Coffee locations in the region and is actively expanding, demonstrating strong financial stability and commitment to the brand. This sale-leaseback transaction provides a secure, passive income stream with significant long-term growth potential. The franchisee will sign the 15-year lease at closing. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a thriving Indiana market.
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Scooter's Coffee Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Nappanee, INNappanee. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.