2119 Center St Maryville, IL 62062
- Commercial real estate
- 664 SF
- 0.50 lot acres
Current Use by Public Records
- Scooter's Coffee / Coffee Shop
Property Details for 2119 Center St
- Year built
- 2023
- Lot size
- 0.50 lot acres
- Property size
- 664 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Scooter's Coffee location in Maryville, Illinois, a thriving suburb of the St. Louis MSA. Built in 2023, this 664-square-foot property sits on a 0.5-acre lot and boasts a 15-year absolute triple-net (NNN) lease with a highly reputable franchisee. The lease features a 1.5% annual rent increase, ensuring consistent income growth. With zero landlord responsibilities, this is a truly passive investment. The property benefits from a prime location in a high-income area ($120,000+ average household income), experiencing consistent growth exceeding 2% annually for the past decade. The current tenant enjoys strong sales, exceeding $1 million annually, and is part of a rapidly expanding national brand with over 800 locations. The lease includes two five-year renewal options, providing long-term security and stability. The asking price is $1,209,022, representing a 6.65% cap rate and a price per square foot of $1,820.82. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a dynamic market. The property's NOI is $80,400. This single-unit building offers a hands-off investment with significant potential for future appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maryville
- County
- Madison
- State
- Illinois
- Longitude
- -89.956500580005
- Latitude
- 38.722744937298
