For Sale
$900,000

15 Century Dr Princeton, IL 61356

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • 13+ years remaining on the lease, offering long-term investment stability.
  • Absolute NNN lease; no landlord responsibilities.
  • 2% annual rent increases, providing inflation protection.
  • $1M+ annual sales; rent-to-sales ratio under 5%.
  • Franchisee guarantee from a growing 19-unit operator expanding to 50 locations.
  • Established Scooter's Coffee franchise; 700+ locations nationwide.

Property Details for 15 Century Dr

Property type
Retail properties
Square Feet
600 SF
Year Built
2023
Lot Size (sq. ft)
28,314 SF
Units
1

Location Insight

City
Princeton
County
Bureau
State
Illinois
Latitude
41.392572815494
Longitude
-89.466659773448

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 15 Century Dr Princeton, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 13+ years remaining on the lease, offering long-term investment stability.; Absolute NNN lease; no landlord responsibilities.; 2% annual rent increases, providing inflation protection.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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15 Century Dr
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