loader
Join Free
Views: 266 DOM: 250 Updated: 10.25.24 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 13.6
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 increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | 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...

...

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity