15 Century Dr Princeton, IL 61356
Property profile & analytics
15 Century Dr Princeton, IL 61356
- Commercial real estate
- 600 SF
- 0.65 lot acres
Property ID
US28-5769730
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
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.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Bureau
- State
- Illinois
- Longitude
- -89.466659773448
- Latitude
- 41.392572815494
