Scooter’s Coffee + Excess Land

6910 W Washington Ave, Mt Pleasant, WI
Deal Type:
Net Lease
Price:
$583,000
Cap Rate:
6.00%
Current Rent:
$35,000
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
None
Renewal Options:
3, 5-year options
Building Sq. Ft.:
627 SF
Rent Increases:
10% Every 5 Years
Site Size:
0.71 Acres

Investment Highlights

  • Scooter’s features an absolute NNN ground lease structure with no landlord responsibilities providing passive ownership.
  • Brand new construction and 10 year lease term with 10% rent increases every 5 years.
  • Situated off of Washington Ave, one of Racine’s main east/west thoroughfares with 34,400 VPD
  • Opportunity to develop excess land, which is zoned B-3 (General Business), allowing a plethora of uses including retail, office, medical office, drive-thru, restaurants, and banks.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]
Danny Karbowski Stream Capital Partners

Danny Karbowski

Associate
630 842 1127
[email protected]

Wangard Business Development, LLC, WI Lic: 938952

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