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Views: 3 DOM: 188 Updated: 10.18.23 Posted: 06.06.23 Status: Active

Summary

Price $2,844,444
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 530
Lease Start 11-01-2022
#Units 76
Price/SF $5,366.88
Expiration 10-31-2042
Tenant Type Fast Food/QSR
NOI $192,000
R. Term 18.10
Ownership Fee Simple
Rent/SF $362.26
Increases 10.0%/5/yrs
Pop 5Mi 35,333
Lot/AC 0.74
Options 2/5yrs/10%
AHHI 5Mi $101,367

Lease Highlights

  • New 2023 construction
  • Tenant has over 19 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Personal guarantee by GARG LLC (76 units)

Location Description

This newly constructed drive thru equipped 7 Brew Coffee is situated at the signalized, hard corner intersection of Bass Road and Starcadia Circle seeing a combined 10,712 vehicles per day. The site is located directly off I-75, a major north-south interstate highway, with over 53,000 vehicles passing daily. 7 Brew Coffee is adjacent to the Shoppes at River Crossing with a strong tenant mix...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:GARG LLC
  • # Units:76
  • Stock:Private

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 : 3,733 16,900 40,238
2023 Total Population : 3,862 17,118 40,341
2023 Employed Civilian Pop : 2,181 8,690 19,570
2023 Total Businesses : 260 738 1,624
2023 Average Household Income : $ 116,517 $ 121,422 $ 116,226
2023 Total Consumer Spending : $ 174 M $ 770 M $ 1683 M
2023 Median Age : 36 39 42
2023 Total Households : 1,745 7,427 16,988
2023 Pop Age 25+: Bachelor's Degree : 575 2,945 6,673
2023 Average Home Value : $ 342,467 $ 316,402 $ 305,614
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bass Road Starcadia Cir 2019 10,700 0.07 mi
New Forsyth Road Preston Ct 2021 2,510 0.27 mi
Wexford Cir Chadwick Cir 2019 5,290 0.35 mi
Wexford Cir Chadwick Cir 2021 5,360 0.35 mi
Bass Road New Forsyth Rd 2018 3,780 0.36 mi
Chadwick Cir 2021 6,040 0.38 mi
Bass Rd 2021 1,840 0.43 mi
I- 75 Bass Rd 2019 2,160 0.44 mi
Bass Rd Bowman Rd 2005 9,970 0.47 mi
Bass Rd Bass Dr 2016 3,780 0.61 mi

Listing Broker

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