15 Century Dr Princeton, IL 61356

Property Details for 15 Century Dr

Year built

2023

Lot size

0.65 lot acres

Property size

600 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fee-simple ownership of a 600-square-foot Scooter's Coffee in Princeton, Illinois. Built in 2023, this property boasts a 13.4-year remaining lease term (expiring March 31, 2038) with a highly favorable Absolute NNN lease structure. The lease includes annual 2% rent bumps, providing inflation protection, and four 5-year renewal options. The current annual net operating income (NOI) is $56,182, resulting in a compelling 6.24% cap rate. The property is situated on a 0.65-acre lot, offering excellent visibility at a high-traffic intersection near Interstate 80. The location benefits from proximity to other national brands like McDonald's, Subway, Wendy's, Dollar General, and Walmart. The franchisee guarantee adds further security to this investment. The $900,000 asking price represents a $1,500 per square foot cost, making it an attractive entry point for investors seeking a stable, low-maintenance, high-return investment in a proven, nationally recognized brand. The property's strong sales performance, exceeding $1 million annually, and a below-market rent-to-sales ratio further enhance its investment appeal. This is a rare opportunity to acquire a single-tenant, net-leased property with minimal landlord responsibilities and significant long-term growth potential.