Price $1,733,300 | Built/Renov 2023 | Tenant 7 Brew Coffee |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
510
| Lease Start
05-01-2023
| #Units
40
|
Price/SF $3,398.63 | Expiration
04-30-2038
| Tenant Type Fast Food/QSR |
NOI $104,000 | R. Term 14.4 | Ownership Fee Simple |
Rent/SF
$203.92
| Increases 10.0%/5/yrs | Pop 5Mi 25,407 |
Lot/AC 0.72 | Options 4/5yrs/10% | AHHI 5Mi $55,621 |
| |
This newly constructed 7 Brew prototype is strategically located at the hard corner, signalized intersection of East Downing Street (Hwy 62) and State Highway 82 which sees a combined 26,370 vehicles passing by daily. The subject property is scheduled to open in the first quarter of 2023. The site is in proximity to several national/credit tenants including Walgreens, Dollar General, Family...
...New construction
Signalized intersection
New prototype
Hard corner intersection
Strategically located
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee
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...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 5,978 | 17,853 | 25,145 |
2023 Total Population : | 6,073 | 17,752 | 24,903 |
2023 Employed Civilian Pop : | 2,818 | 7,884 | 11,065 |
2023 Total Businesses : | 328 | 944 | 1,107 |
2023 Average Household Income : | $ 63,319 | $ 59,593 | $ 62,973 |
2023 Total Consumer Spending : | $ 123 M | $ 363 M | $ 531 M |
2023 Median Age : | 29 | 33 | 34 |
2023 Total Households : | 2,225 | 6,956 | 9,636 |
2023 Pop Age 25+: Bachelor's Degree : | 806 | 2,340 | 3,323 |
2023 Average Home Value : | $ 184,940 | $ 191,417 | $ 199,776 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
East Downing Street | Woodlawn Ave | 2019 | 11,800 | 0.08 mi |
North Cedar Avenue | E Harrison St | 2019 | 1,500 | 0.17 mi |
North Cedar Avenue | E Ward St | 2019 | 1,600 | 0.26 mi |
E Ross St | 2019 | 18,400 | 0.37 mi | |
East Shawnee Street | N Logan Dr | 2019 | 440 | 0.37 mi |
East Downing Street | Hwy 62 | 2019 | 11,200 | 0.37 mi |
East Downing Street | N Oklahoma Ave | 2019 | 9,600 | 0.38 mi |
Bertha Parker Byp | D0765 Rd | 2003 | 11,100 | 0.38 mi |
East Downing Street | N Ash Ave | 2018 | 9,300 | 0.44 mi |
East Shawnee Street | N East Ave | 2018 | 470 | 0.46 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]