loader
Join Free
Views: 44 DOM: 134 Updated: 04.22.24 Posted: 01.14.24 Status: Active

Summary

Price $1,744,000
Built/Renov 2022
Tenant 7 Brew Coffee (GL)
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 510
Lease Start 06-01-2024
#Units 89
Price/SF $3,419.61
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $109,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $213.73
Increases 10.0%/5/yrs
Pop 5Mi 74,780
Lot/AC 0.53
Options 5/5yrs/10%
AHHI 5Mi $87,976

Lease Highlights

  • 7 Brew Coffee will be signing a brand-new 15-year ground lease with 5 (5-year) options at the close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

7 Brew Coffee is strategically located on Garth Brooks Blvd., near I-40, with access to 47,700 vehicles passing by daily. Notably, the property is directly outparceled to Lowe’s Home Improvement and is surrounded by well-known national tenants, including Lowe’s, Target, PetSmart, Big Lots, Hobby Lobby, McAlister’s Deli, Mattress Firm, and more. The property holds a strategic position adjacent...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Corporate
  • Company:Brew Culture LLC
  • # Units:89
  • 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 : 4,822 53,364 88,945
2023 Total Population : 4,353 48,029 80,603
2023 Employed Civilian Pop : 2,232 24,142 41,496
2023 Total Businesses : 417 1,384 1,878
2023 Average Household Income : $ 95,840 $ 94,260 $ 96,132
2023 Total Consumer Spending : $ 149 M $ 1514 M $ 2525 M
2023 Median Age : 39 37 37
2023 Total Households : 1,816 18,677 30,519
2023 Pop Age 25+: Bachelor's Degree : 795 7,573 13,727
2023 Average Home Value : $ 293,807 $ 252,076 $ 252,672
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Garth Brooks Boulevard NW 10th St 2019 9,730 0.04 mi
2011 4,327 0.05 mi
Garth Brooks Blvd Health Center Pkwy 2015 22,812 0.10 mi
2011 7,232 0.11 mi
West End Pointe Drive 2015 4,320 0.12 mi
Health Center Pkwy Garth Brooks Blvd 2015 4,440 0.15 mi
Garth Brooks Blvd NW 10th St 2015 15,063 0.16 mi
Garth Brooks Blvd Health Center Pkwy 2015 9,730 0.17 mi
NW 10th St Garth Brooks Blvd 2015 4,226 0.20 mi
NW 10th St Health Center Pkwy 2015 6,966 0.30 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity