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Views: 68 Updated: 12.04.23 Posted: 08.30.23 Status: Inactive

Summary

Price $1,416,667
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,255
Lease Start 04-01-2023
#Units 10
Price/SF $1,128.82
Expiration 03-31-2038
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 13.10
Ownership Ground Lease
Rent/SF $67.73
Increases 10.0%/5/yrs
Pop 5Mi 30,100
Lot/AC 0.57
Options 4/5yrs/10%
AHHI 5Mi $62,340

Lease Highlights

  • 7 Brew Coffee recently signed a brand-new 15-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases throughout the initial term and at each option period
  • Absolute NNN ground lease features zero landlord responsibilities
  • Personal guarantee by Brew Crew 2, LLC (10+ Brew units w/partnership in over 100 stores)
  • 5 year corporate guarantee by Brew Culture, LLC (7 Brew)

Location Description

This 7 Brew Coffee is strategically located at the hard corner intersection of East Race Avenue and Willow Street with access to 21,000 vehicles per day. The property benefits from significant street frontage creating excellent visibility for the site. 7 Brew Coffee is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Starbucks, Big Lots,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Crew 2, LLC
  • # Units:10
  • 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 : 3,485 15,138 29,413
2023 Total Population : 3,579 15,369 29,737
2023 Employed Civilian Pop : 1,386 5,234 11,674
2023 Total Businesses : 345 1,149 1,456
2023 Average Household Income : $ 73,760 $ 59,531 $ 67,011
2023 Total Consumer Spending : $ 104 M $ 308 M $ 675 M
2023 Median Age : 52 33 36
2023 Total Households : 1,615 5,880 11,465
2023 Pop Age 25+: Bachelor's Degree : 338 1,133 2,724
2023 Average Home Value : $ 245,361 $ 188,275 $ 217,194
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
East Race Avenue Rand Dr 2021 21,000 0.10 mi
E Race Ave N Rand Dr 2017 22,000 0.12 mi
East Moore Avenue Willow St 2021 3,800 0.17 mi
67 E Race Ave 2021 4,100 0.23 mi
67 E Race Ave 2021 4,200 0.31 mi
US 67B US Hwy 67 2021 4,200 0.34 mi
US 67B E Moore Ave 2021 4,700 0.38 mi
E Race Ave Ferren Trl 2017 10,000 0.54 mi
US 64;US 67;US 167 E PkAve 2021 23,000 0.55 mi
East Race Avenue Ferren Trl 2021 10,000 0.56 mi

Listing Broker

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