Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Nappanee, INZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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