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Views: 62 DOM: 111 Updated: 11.14.24 Posted: 08.13.24 Status: Active

Summary

Price $1,417,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 09-01-2024
#Units 30
Price/SF $2,778.43
Expiration 09-30-2039
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 14.10
Ownership Ground Lease
Rent/SF $166.67
Increases 10.0%/5/yrs
Pop 5Mi 34,518
Lot/AC 0.79
Options 3/5yrs/10%
AHHI 5Mi $59,704

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Brew Crew (30 units backed)

Location Description

7 Brew is strategically located at the hard-corner intersection of Cooktown Road and Gains Avenue, a major retail thoroughfare with access to a combined daily traffic count of 20,000 vehicles. The property benefits from direct access to Interstate 20, which experiences 59,200 VPD, and is less than 0.50 miles from both Louisiana Tech University (8,700 students) and Ruston High School (1,300...

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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
2029 Total Population : 6,138 24,006 34,728
2024 Total Population : 6,098 23,972 34,636
2024 Employed Civilian Pop : 2,712 10,342 14,686
2024 Total Businesses : 408 1,504 1,745
2024 Average Household Income : $ 43,794 $ 54,304 $ 56,649
2024 Total Consumer Spending : $ 67 M $ 456 M $ 644 M
2024 Median Age : 22 27 27
2024 Total Households : 1,711 9,377 12,718
2024 Pop Age 25+: Bachelor's Degree : 631 3,441 4,558
2024 Average Home Value : $ 279,287 $ 252,735 $ 242,597
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cooktown Road Gains Ave 2022 19,961 0.02 mi
Woodward Ave 2022 59,193 0.55 mi
Everett Street W Georgia Ave 2022 1,639 0.59 mi
W Alabama Ave Minden St 2011 7,374 0.84 mi
Cooktown Rd 2022 51,760 0.86 mi
Pine Avenue N Vienna St 2022 30,032 0.86 mi
N Vienna St Vista Dr 2011 23,437 0.87 mi
North Trenton Street Pinecrest Dr 2022 20,012 0.91 mi
West Alabama Avenue W Alabama Ave 2022 8,371 0.92 mi
N Trenton St Pinecrest Dr 2011 18,140 0.95 mi

Listing Broker

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