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Views: 67 DOM: 205 Updated: 05.20.24 Posted: 11.04.23 Status: Active

Summary

Price $1,121,495
Built/Renov 2022
Tenant 7 Brew Coffee (GL)
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 12-01-2022
#Units 33
Price/SF $2,199.01
Expiration 11-30-2037
Tenant Type Fast Food/QSR
NOI $60,000
R. Term 13.6
Ownership Ground Lease
Rent/SF $117.65
Increases 10.0%/4/yrs
Pop 5Mi 66,061
Lot/AC 0.70
Options 4/5yrs/10%
AHHI 5Mi $62,230

Lease Highlights

  • New 2022 construction
  • 7 Brew Coffee has 13+ years remaining on the current ground lease with 4 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and each option
  • Absolute NNN ground lease | Zero landlord responsibilities
  • Personally guaranteed lease

Location Description

7 Brew Coffee is strategically located on East Stone Drive, adjacent to US-11, with access to 31,400 vehicles passing by daily. The property enjoys a convenient location in close proximity to the John B Dennis Highway Interchange junction (21,700 VPD). It is strategically situated within a densely populated retail corridor, offering excellent visibility and convenient access points. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee (GL)
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:33
  • 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 : 3,719 38,095 66,914
2023 Total Population : 3,773 37,990 66,899
2023 Employed Civilian Pop : 1,331 14,171 25,704
2023 Total Businesses : 432 1,862 2,491
2023 Average Household Income : $ 69,425 $ 70,378 $ 74,796
2023 Total Consumer Spending : $ 96 M $ 1047 M $ 1920 M
2023 Median Age : 52 47 47
2023 Total Households : 1,623 16,933 29,271
2023 Pop Age 25+: Bachelor's Degree : 602 4,790 8,789
2023 Average Home Value : $ 248,018 $ 213,595 $ 223,815
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Eastman Road Ryder Dr 2022 22,402 0.54 mi
E Stone Dr Indian Rd 2003 35,220 0.61 mi
East Stone Drive Indian Rd 2022 31,499 0.66 mi
East Center Street PkSt 2022 11,753 0.87 mi
East Stone Drive Waterman Rd 2022 30,101 0.97 mi
US 11W Waterman Rd 2021 29,540 0.97 mi
Essex Drive Southcote Dr 2022 1,654 0.99 mi
East Stone Drive E Stone Dr 2022 25,829 1.06 mi
SR 36;SR 126 Summer St 2021 17,590 1.09 mi
East Center Street Commerce St 2022 18,006 1.09 mi

Listing Broker

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