Scooter's Coffee for Sale in Maquoketa, IA
Maquoketa, IA
Key Investment Metrics
Price
$829,268
Cap Rate
6.2%
Net Operating Income
$51,000
Building Size
646 SF
Land Area
0.32 Acres
Remaining Term
14.9 years
Lease Expiration
05/30/2041
Lease Term
15.1 years
Lease Commencement
05/07/2026
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Scooter's Coffee in Maquoketa
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 646 SF
- Land area
- 0.32 acres
- Year built
- 2022
- Lease type
- Absolute NNN
- Lease expiration
- 05/30/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.