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7 Brew Coffee (GL)
1336 East Stone Drive, Kingsport, TN 37660
$1,142,857
Cap Rate 5.25%
Summary
| Price $1,142,857 | Built/Renov 2022 | Tenant 7 Brew Coffee (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
510
| Lease Start
12-01-2022
| #Units
33
|
| Price/SF $2,240.90 | Expiration
11-30-2037
| Tenant Type Fast Food/QSR |
| NOI $60,000 | R. Term 13.11 | 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...
...Features
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New construction
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New prototype
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Major thoroughfare
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Dense retail corridor
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Near major nationals
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Major MSA
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Income tax free state
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Absolute NNN
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Long 10+ yr lease
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Personal guarantee
...
Maps
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...
...
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 |
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 |
