For Sale
$1,209,022

2119 Center St Maryville, IL 62062

High-growth market, strong returns.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • $1,209,022 asking price for a 664 square foot, single-tenant, Scooter's Coffee retail property.
  • Absolute triple-net (NNN) lease with a 15-year remaining term and 1.5% annual rent bumps.
  • Located in Maryville, IL (St. Louis MSA), a high-growth submarket with average household incomes exceeding $120,000.
  • Fee simple ownership with zero landlord responsibilities; built in 2023.
  • Strong franchisee with over 800+ locations nationwide; current sales trending above $1 million.

Property Details for 2119 Center St

Property type
Retail properties, Restaurants
Square Feet
664 SF
Year Built/Renovated
2023/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
1

Location Insight

City
Maryville
County
Madison
State
Illinois
Latitude
38.722744937298
Longitude
-89.956500580005

FAQs

What type of property is this?
Retail property - High-growth market, strong returns.
Where is the retail property located?
The property is located at 2119 Center St Maryville, IL.
What is the asking price?
The asking price for this property is $1,209,022.
What are key features of this property?
This property features: $1,209,022 asking price for a 664 square foot, single-tenant, Scooter's Coffee retail property.; Absolute triple-net (NNN) lease with a 15-year remaining term and 1.5% annual rent bumps.; Located in Maryville, IL (St. Louis MSA), a high-growth submarket with average household incomes exceeding $120,000.
How can I contact the broker?
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2119 Center St
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