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Views: 75 Updated: 10.04.23 Posted: 04.05.23 Status: Inactive

Summary

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 13.11
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

Lease Highlights

  • Brand-new construction | Scheduled opening Q1 2023
  • 7 Venture, Inc. has committed to signing a brand-new 15-year lease upon sale with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at each option period
  • Absolute NNN lease presents zero landlord responsibilities
  • 7 Venture, Inc. is an affiliate of K-Mac Enterprises Inc. a leading quick-service restaurant franchisee founded in 1964 and achieves more than $530M in annual sales

Location Description

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...

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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 : 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
*ESRI data is presented for informational purposes only

Traffic

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

Listing Broker

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