2119 Center StMaryville, IL 62062

Property Details for 2119 Center St

Year built

2023

Lot size

0.50 AC

Property size (Sq ft)

664 SF

Property type

Retail properties

Property subtype

Restaurants

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.

Location Insight

City

Maryville

County

Madison

State

Illinois

Latitude

38.7227

Longitude

-89.9565

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