319 Austin Blvd Nevada, MO 64772-3124

Property Details for 319 Austin Blvd

Year built

1940

Lot size

0.14 lot acres

Property size

1,216 SF

Property type

Commercial real estate

APN

18-2.0-09-002-004-002.000

APU

182009002004002000

Description

This exceptional investment opportunity presents a 10-year absolute NNN ground lease for a brand-new (2023 construction) Scooter's Coffee location in Nevada, Missouri. The property boasts a 10,454 square foot lot and a single-story, Class A building with 100% occupancy. The lease is with Freedom Enterprises, LLC, the largest Scooter's Coffee franchisee, known for its successful operation of over 61 locations. The lease includes a 10% rent increase every five years, providing consistent growth potential. Four to five-year extension options are also available, each with a 10% rent increase. The current annual net operating income (NOI) is $71,400, resulting in a compelling 6.50% cap rate. The asking price is $1,098,000. This strategically located property sits along Austin Boulevard, Nevada's primary commercial corridor, ensuring high visibility and accessibility. The drive-thru kiosk model, a proven success for Scooter's Coffee, is utilized at this location. This offering presents a rare chance to acquire a low-risk, high-return investment in a thriving franchise within a prime commercial location. The lease terms offer significant long-term stability and growth potential, making this an attractive addition to any investment portfolio. The rent is lower than comparable Scooter's Coffee locations nationwide.