Cap Rate: 6.75%
Net Operating Income: $22,200
Square Footage: 450
Lot Size: 12,000 SF
The subject property is a freestanding Scooter’s Coffee located in Fort Scott, KS. Scooter’s Coffee has a brand new 10 year absolute NNN ground lease with four five-year options to renew. The lease calls for rent escalations of 10% every 5 years. The subject property is brand new construction. The building is 450 square-feet and includes a drive-thru. Neighboring tenants include Tractor Supply Co., Walgreens, McDonald’s, Dairy Queen and more. The tenant is a 40-unit operator with a 5-unit guarantee.
Fort Scott is a city in and the county seat of Bourbon County, Kansas, United States, 88 miles south of Kansas City, on the Marmaton River. As of the 2010 census, the city population was 8,087. It is the home of the Fort Scott National Historic Site and the Fort Scott National Cemetery. Fort Scott is named for Gen. Winfield Scott.