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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    15 Century Dr, Princeton, IL 61356

    600 SF 0.65 ac lot Built 2023
    Trust Owned
    Property ID
    US28-5769730
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2023
    Total area 600 SF
    Lot 0.65 ac (28,314 SF)
    UPID US28-5769730
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael J Knodt Revocable Trust
    Michael J Knodt Revocable Trust
    since 2025
    4 recorded transactions
    2025
    $860,000
    2023
    $757,500
    2023
    $757,500
    2022
    $979,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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