Scooter's Coffee

This Scooter's Coffee is located in Boone, Iowa along 4th Street, a major thoroughfare in the area. This is an excellent location for an express coffee shop due to high daily traffic counts. Boone is an expanding town located along U.S Route 30. The original Lincoln Highway ran through the center of town, but a new four-lane highway was built in the late 1960s that bypassed the center of Boone to the south. There is also a network of paved country roads radiating out in all directions. The town of Boone is also located closely to the major city of Des Moines - the capital and the most populous city in the state of Iowa. Boone is served by the mainline of the Union Pacific, which purchased the Chicago & North Western Railroad (C&NW) in 1995. Boone was a division and crew change point on the railroad under the Chicago & North Western and some of that business remains today. There is a moderate-sized rail yard to the east of the downtown area. The locomotives no longer sound their horns in the town proper due to modifications to the various points where streets intersect with the rail line. Pufferbilly Days, an annual event celebrating Boone’s railroad heritage, is held the week after Labor Day and is one of Iowa’s top five community festivals with over 30,000 attendees. In conjunction with this celebration, during the first week in September, the Boone Speedway holds the Speedway Motors IMCA SuperNationals racing event, with many of the top drivers from across the United States coming to Boone to compete. Notable businesses that have had or still maintain facilities in Boone include Gates Rubber, Heinrich Envelope, Archway Bakery, Lowe-Berry Seeds, Coca-Cola Bottling, Quinn Iron & Wire Works (now Besser Quinn Machine & Foundry), Mid-States Steel, Sunoco Products, Specialty Leather Productions, Randy's Frozen Meats, PDM Distribution, ProLiant Biologicals, APC, Thermomass Composite Tech, CDS Global, Patterson Logistics and Stoll Bottling.Prime Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a recently built Scooter’s Coffee. The subject property was originally built in 2019. Due to its excellent location, the franchisee of Scooter’s Coffee decided to build the structure and offer the long term 10-year sale-leaseback. The brand new 10-year lease will begin at the COE. This absolute NNN lease has 2% rental increases annually and grants the Tenant four successive options to extend the lease. Each option is for five years and includes the aforementioned 2% annual rental increases. Additionally, the annual rent is set at a healthy and below market rent-to-sales ratio (contact agent). The Property has excellent visibility and is conveniently situated on a large corner lot along 4th Street and Story Street. 4th Street is a main corridor in the area and sees heavy traffic on a daily basis. Nationally recognized tenants such as Walgreens, Subway, Taco John's, Circle K, U.S Bank, Starbucks, Dollar General, and McDonald's surround the property, further driving consumers to the area. This specific location offers a brand new 10-year lease, excellent corner lot visibility, franchise guarantee, and zero landlord responsibility. Scooter’s Coffee, headquartered in Omaha, NE has close to 500 locations across 26 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.