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Views: 39 DOM: 67 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,923,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 08-01-2023
#Units 2
Price/SF $3,770.59
Expiration 08-01-2043
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 19.1
Ownership Ground Lease
Rent/SF $245.10
Increases 10.0%/5/yrs
Pop 5Mi 55,659
Lot/AC 1.16
Options 4/5yrs/10%
AHHI 5Mi $121,835

Lease Highlights

  • Brand-new 2023 construction
  • 7 Brew Coffee has 19+ years remaining on the current ground lease term 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 Brew Culture Franchise, LLC

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of Pineview Drive and Highway 25/Lakeland Drive, with access to a combined daily traffic count of 38,000 vehicles. The property is part of a massive 100+ acre mixed use development that Includes retail, housing, parks, and a proposed 2-mile trail that will connect 23,000 homes to this development. Moreover, it...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Culture Franchise, LLC
  • # Units:2
  • 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 : 1,536 15,989 90,902
2023 Total Population : 1,533 16,039 91,517
2023 Employed Civilian Pop : 967 8,371 45,295
2023 Total Businesses : 629 1,739 6,551
2023 Average Household Income : $ 58,135 $ 113,775 $ 80,289
2023 Total Consumer Spending : $ 42 M $ 674 M $ 2828 M
2023 Median Age : 29 39 37
2023 Total Households : 818 6,963 40,553
2023 Pop Age 25+: Bachelor's Degree : 315 3,917 16,481
2023 Average Home Value : $ 193,651 $ 310,239 $ 242,558
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hwy 25 River Oaks Dr 2009 55,000 0.07 mi
River Oaks Drive Lay Fair Dr 2021 7,900 0.30 mi
Layfair Drive Ct House Cir 2021 2,900 0.32 mi
Layfair Drive Ct House Cir 2018 2,800 0.32 mi
River Oaks Dr Red Fern Pl 2008 11,000 0.40 mi
North Flowood Drive Layfair Dr 2021 3,300 0.50 mi
North Flowood Drive Flowood Dr 2018 3,200 0.50 mi
Flowood Drive Short Ln 2018 18,000 0.51 mi
Lakeland Drive Strickland Dr 2021 51,000 0.57 mi
Magnum Drive Flowood Dr 2021 3,800 0.62 mi

Listing Broker

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