1187 E 1500 North Rd - Fast Food FOR SALE


Taylorville, IL 62568
$1,076,923 USD
714-849-5947
1187 E 1500 North Rd, Taylorville, IL for Sale
$1,076,923 USD
Fast Food - FOR SALE
1/10
null | 6.5% Cap Rate

1187 E 1500 North Rd
Taylorville, IL 62568


HIGHLIGHTS

  • LONG TERM & BRAND-NEW LEASE – 15-year lease will commence at the COE, providing a long term and stable investment for a new investor.
  • ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
  • RENTAL INCREASES – There are 10% rental increases every 5 years, providing an investor a hedge against inflation.
  • FRANCHISE GUARANTEE – The lease is backed by a proven and growing 6-unit franchisee, with two additional locations under construction.
  • HIGH TRAFFIC AREA – The subject property is situated on a large corner lot and sees approximately 15,000 VPD.
  • NEAR MAJOR RETAILERS & SCHOOL – The property benefits from a prime location near major retailers and Taylorville High School.

OVERVIEW

Prime Net Lease is pleased to present a rare opportunity to acquire the fee simple interest in a Scooter’s Coffee location in Taylorville, IL. Built in 2021, this strong-performing property offers a 15-year sale-leaseback by a strong, growing, and profitable 6-unit operator (with 2 additional sites currently under construction) whose sales are steadily rising across the operating entity. A brand-new, absolute NNN lease will commence at closing, featuring 10% rental increases every 5 years and five successive five-year extension options, each maintaining the same rental escalation structure. With zero landlord responsibilities, the lease offers true long-term passive income for investors. The subject property is situated on a large corner lot with excellent visibility along E 1500 N Road and W Springfield Rd, a major thoroughfare in the city of Taylorville that sees approximately 15,000 vehicles per day. Surrounding major retailers include ALDI, Walmart, Dollar Tree, and Arby’s, all of which contribute to strong consumer traffic in the area. Scooter’s Coffee, headquartered in Omaha, NE, operates 850+ locations across 31 states. Founded in 1998, Scooter’s Coffee continues to expand rapidly and establish itself as a powerhouse coffee brand.

FOR SALE DETAILS

PRICE

$1,076,923 USD

PRICE/SF

$1,662 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

C-2

APN/PARCEL ID

17-13-16-400-011-00

ASK ABOUT THIS PROPERTY

Adrian StepienPrime Net LeaseMore Info
714-849-5947

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Adrian StepienPrime Net LeaseMore Info
714-849-5947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.