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Views: 29 DOM: 51 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 06-01-2023
#Units 6
Price/SF $3,431.37
Expiration 06-30-2038
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 14.1
Ownership Ground Lease
Rent/SF $205.88
Increases 10.0%/4/yrs
Pop 5Mi 115,302
Lot/AC 0.55
Options 4/5yrs/10%
AHHI 5Mi $116,231

Lease Highlights

  • Brand-new 2023 construction
  • 7 Brew Coffee recently executed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of Andrews Highway and East 42nd Street, with access to a combined daily traffic count of 56,000 vehicles. This property is situated catty-corner to the Ector County Coliseum, serving as the primary event space for sporting events, concerts, fairs, and rodeos. Additionally, it is approximately 3 miles away from The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

7 Brew Coffee is an American drive-thru coffee chain that focuses on bringing high-quality, locally roasted, and fresh coffee beans to the market. The Arkansas-based coffee stands have a retro...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,854 75,338 126,677
2023 Total Population : 12,534 73,669 123,346
2023 Employed Civilian Pop : 5,997 35,803 60,323
2023 Total Businesses : 332 3,175 4,841
2023 Average Household Income : $ 64,309 $ 73,428 $ 78,593
2023 Total Consumer Spending : $ 250 M $ 1725 M $ 3039 M
2023 Median Age : 30 34 34
2023 Total Households : 4,408 26,853 44,163
2023 Pop Age 25+: Bachelor's Degree : 886 6,083 11,005
2023 Average Home Value : $ 166,115 $ 223,353 $ 246,957
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Andrews Highway W 38th St 2022 20,469 0.03 mi
Andrews Highway W 42nd St 2020 19,485 0.03 mi
E 42nd St N Texas Ave 2016 31,513 0.03 mi
Andrews Highway W 42nd St 2018 24,600 0.03 mi
East 42nd Street N Texas Ave 2022 28,060 0.03 mi
East 42nd Street (Chris Kyle Memorial Highway) N Texas Ave 2020 27,785 0.03 mi
Andrews Highway W 42nd St 2020 18,035 0.06 mi
Andrews Highway W 42nd St 2019 21,733 0.06 mi
Andrews Highway W 42nd St 2022 18,946 0.06 mi
West 42nd Street Andrews Hwy 2022 26,430 0.07 mi

Listing Broker

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