1004 Robins Rd, Hiawatha, IA 52233-1128
- Commercial real estate
- 1,193 SF
- 0.77 lot acres
Current Use by Public Records
- Scooter's Coffee / Cafe & Coffee Shop
Property Details for 1004 Robins Rd
- Year built
- 1900
- Construction
- WOOD FRAME
- Lot size
- 0.77 lot acres
- Property type
- Commercial real estate
- APN
- 11-33-2-30-001-0-0000
- APU
- 113323000100000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2024 | $1,135,000 | Bcbd Commercial LLC | Vot Group LLC | Warranty Deed | — |
| Apr 20, 2022 | — | Vot Group LLC | City Of Hiawatha | Special Warranty Deed | $2.6M · Freedombank |
| Apr 18, 2022 | — | Vot Group LLC | — | Deed · related | $2.6M · Freedombank |
Description
This exceptional investment opportunity presents a brand-new, 15-year absolute NNN lease for a freestanding Scooter's Coffee in Hiawatha, Iowa. Located at 1004 Robins Rd, 52233, this 600 square foot building sits on a 0.77-acre lot and boasts a 6.90% cap rate with a strong $81,000 annual net operating income (NOI). Built in 2022, the property benefits from a 100% occupancy rate and features built-in rent bumps of 10% every five years, providing inflation protection. The lease includes four 5-year renewal options, ensuring long-term stability. This fee-simple ownership offers a secure investment in a well-established, high-profile quick-service restaurant brand with significant growth potential. The property's strategic location in a densely populated area with excellent visibility and accessibility makes it an ideal location for this popular coffee chain. The asking price is $1,173,913. This sale-leaseback transaction offers a compelling combination of immediate income and future appreciation potential. The property's strong tenant, built-in rent increases, and long-term lease make it an attractive investment for discerning buyers seeking a stable and high-yielding asset.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hiawatha
- County
- Linn
- State
- Iowa
- Longitude
- -91.6734
- Latitude
- 42.0479
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
