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Scooter's Coffee | 6.9% Cap | NNN Lease 1004 Robins Rd

600 SF Retail Building Hiawatha, IA 52233 $1,649,979 CAD ($2,750 CAD/SF) 6.90% Cap Rate

Retail Space Iowa Hiawatha 1004 Robins Rd, Hiawatha, IA 52233

Investment Highlights

  • Absolute Net Leased Investment
  • Strong Brand With Major Growth Potential
  • Located in dynamic Linn County, Iowa
  • Brand New 15 Year Lease
  • Ideal Quick Service Model For Contactless Dining
  • Just across the street from The Crossing on Boyson - a proposed 196-unit multifamily development

Executive Summary

Marcus and Millichap is pleased to exclusively market for sale the real estate of a freestanding Scooter's Coffee in Hiawatha, IA. The 0.77 acre lot consists of approximately 600+ square feet of building space that includes parking, a drive-thru, and street signage.

Attachments

OM - Scooters Coffee - 1004 Robins Rd, Hiawatha, IA_compressed (1)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
600 SF
Building Class
C
Year Built
2022
Price
$1,649,979 CAD
Price Per SF
$2,750 CAD
Cap Rate
6.90%
NOI
$113,918 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
0.77 AC
Parking
7 Spaces (11.67 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Scooter's Coffee
  • Retailer
  • 600 SF
  • -
  • Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Scooter's Coffee Retailer 600 SF - Net -
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PROPERTY TAXES

Parcel Number 11332-30001-00000 Improvements Assessment $529,228 CAD
Land Assessment $281,561 CAD Total Assessment $810,790 CAD

PROPERTY TAXES

Parcel Number
11332-30001-00000
Land Assessment
$281,561 CAD
Improvements Assessment
$529,228 CAD
Total Assessment
$810,790 CAD
(952) 852-9767

  • Listing ID: 32249709

  • Date on Market: 2024-06-25

  • Last Updated:

  • Address: 1004 Robins Rd, Hiawatha, IA 52233

The Retail Property at 1004 Robins Rd, Hiawatha, IA 52233 is currently available For Sale. Contact Marcus & Millichap for more information.

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1004 Robins Rd, Hiawatha, IA for sale Primary Photo- Image 1 of 6
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1004 Robins Rd, Hiawatha, IA for sale Building Photo- Image 2 of 6
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Scooter's Coffee | 6.9% Cap | NNN Lease | 1004 Robins Rd
(952) 852-9767 x

Scooter's Coffee | 6.9% Cap | NNN Lease | 1004 Robins Rd

1/2

Jon Ruzicka

(952) 852-9767

(952) 852-9767

Erica Binns

(310) 909-5500

(310) 909-5500

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