901 W Platt St - Service Station FOR SALE


Maquoketa, IA 52060
$829,268 USD
714-849-5947
901 W Platt St, Maquoketa, IA for Sale
$829,268 USD
Service Station - FOR SALE
1/13
null | 6.15% Cap Rate

901 W Platt St
Maquoketa, IA 52060


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.
  • LOW RENT-TO-SALES RATIO – The store operates at a healthy, below-market rent-to-sales ratio, supporting longterm sustainability.
  • ABSOLUTE NNN LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
  • FRANCHISE GUARANTEE – The lease is backed by a franchise guarantee from a 27+ unit operator & the 2 time Scooter's Franchise of The Year award winner.
  • HIGH TRAFFIC AREA – The subject property has excellent visibility along W Platt St, a major thoroughfare in the city of Maquoketa, seeing 10,000 VPD.
  • RENTAL INCREASES – There are 10% rental increases every 5 years and during the option periods, providing an investor a hedge against inflation.

OVERVIEW

Prime Net Lease is pleased to present a compelling opportunity to acquire the fee simple interest in a recently constructed Scooter’s Coffee location in Maquoketa, IA. Built in 2022, this high-performing site has been selected for a long-term sale-leaseback with one of Scooter’s Coffee’s top franchise operators, further underscoring the strength and proven success of the location. At closing, the property will be delivered with a brand-new 15-year absolute NNN lease featuring 10% rental increases every 5 years and during the option periods, providing consistent income growth and strong inflation protection. The lease is structured with a healthy, below-market rent-to-sales ratio (contact agent for details), offering added confidence in the tenant’s long-term sustainability and performance. Strategically positioned along W Platt St, the property benefits from excellent visibility and exposure to approximately 10,000 vehicles per day. The site is surrounded by a strong mix of national and regional retailers, including McDonald’s, Subway, Dollar General, Casey's, Dollar Tree, and O'Reilly Auto Parts, all of which drive significant daily consumer traffic to the area. The combination of a newly built asset, long-term lease, absolute NNN structure with zero landlord responsibilities, strong franchisee, and high-traffic location makes this an outstanding investment opportunity. Scooter’s Coffee, headquartered in Omaha, NE, has upwards of 900 locations across 30+ states. Founded in 1998, Scooter’s Coffee continues its rapid expansion and is firmly establishing itself as a leading national coffee brand.

FOR SALE DETAILS

PRICE

$829,268 USD

PRICE/SF

$309 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee | 6.15% CAP | 15 YEAR LEASE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

153172432706700

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 Notice.