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Views: 90 DOM: 242 Updated: 05.17.24 Posted: 09.28.23 Status: Contract 04.05.24

Summary

Price $1,333,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 09-07-2023
#Units 4
Price/SF $2,613.73
Expiration 09-30-2033
Tenant Type Fast Food/QSR
NOI $80,000
R. Term 9.4
Ownership Ground Lease
Rent/SF $156.86
Increases 10.0%/5/yrs
Pop 5Mi 162,993
Lot/AC 0.35
Options 3/5yrs/10%
AHHI 5Mi $64,743

Lease Highlights

  • New high-quality 2023 construction
  • Brand-new 10-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Absolute NNN ground lease | Zero landlord responsibilities
  • 7 Crew Enterprises currently operates 4 sites with an additional 23 sites to open prior to year 2023 (7 Crew plans to operate 300 locations within 5 years)
  • Franchisee guaranteed

Location Description

7 Brew Coffee is strategically located along E Villa Maria Rd, benefiting from excellent visibility and a daily traffic count of 27,677 vehicles. Positioned in a highly dense retail corridor, the property serves as an anchor alongside Walgreens and is adjacent to H-E-B. This prime location is further enhanced by other national tenants such as Marshalls, Joann, McDonald's, CVS, and many more....

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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
2028 Total Population : 10,936 93,782 171,588
2023 Total Population : 10,545 91,207 165,868
2023 Employed Civilian Pop : 5,202 38,182 71,599
2023 Total Businesses : 655 3,403 5,086
2023 Average Household Income : $ 65,350 $ 64,469 $ 65,022
2023 Total Consumer Spending : $ 236 M $ 1812 M $ 3578 M
2023 Median Age : 29 25 24
2023 Total Households : 4,133 31,928 62,522
2023 Pop Age 25+: Bachelor's Degree : 1,443 9,093 17,885
2023 Average Home Value : $ 274,701 $ 245,762 $ 281,320
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Villa Maria Road Maloney Ave 2021 26,040 0.03 mi
East Villa Maria Road Texas Ave 2020 25,469 0.03 mi
TX 6 Business E Villa Maria Rd 2021 21,366 0.08 mi
Texas Avenue E Villa Maria Rd 2020 19,351 0.08 mi
Carter Creek Parkway Willow Bend Dr 2021 2,258 0.39 mi
East Villa Maria Road Carter Creek Pky 2020 28,389 0.44 mi
South College Avenue Waverly Dr 2021 8,907 0.55 mi
South College Avenue Watson St 2020 8,598 0.55 mi
Briarcrest Drive Memorial Dr 2021 22,942 0.57 mi
Old College Road Pleasant St 2021 3,084 0.68 mi

Listing Broker

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