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901 W Platt St
Maquoketa, IA 52060

$829,268 USD

Service Station For Sale  •  2,680 SF

Property Details

  • Property Type Service Station
  • Total Building Size 646 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 2022
  • Cap Rate 6.15 %
  • Tenancy Single
40 Walk Score

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.

Property Flyers

Cap Rate: 6.15 %

Major Tenants

Tenant SF Occupied Lease End Date
Scooter's Coffee 646 SF
Adrian Stepien 714-849-5947 Prime Net Lease
Adrian Stepien 714-849-5947 Prime Net Lease