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Views: 67 DOM: 212 Updated: 05.17.24 Posted: 10.28.23 Status: Active

Summary

Price $1,748,000
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 550
Lease Start 12-01-2023
#Units 1
Price/SF $3,178.18
Expiration 12-01-2038
Tenant Type Fast Food/QSR
NOI $118,000
R. Term 14.6
Ownership Fee Simple
Rent/SF $214.55
Increases 10.0%/5/yrs
Pop 5Mi 18,273
Lot/AC 0.93
Options 3/5yrs/10%
AHHI 5Mi $64,079

Lease Highlights

  • Brand new 2023 construction
  • 7 Brew will be signing a brand-new 15-year lease with 3 (5-year) options at the close of escrow
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities

Location Description

This newly constructed, double drive-thru 7 Brew boasts fantastic placement along Highway 62 (20,000+ VPD), and benefits from being the only standalone national coffee retailer in the city. The property is adjacent to a Hobby Lobby anchored shopping center, as well as the #1 most frequently visited Big Lots store location in the state, the #10 most frequently visited Taco Bell location in the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • 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 : 5,098 16,863 22,634
2023 Total Population : 5,128 16,836 22,590
2023 Employed Civilian Pop : 1,918 6,487 8,659
2023 Total Businesses : 683 1,206 1,384
2023 Average Household Income : $ 66,815 $ 66,606 $ 66,785
2023 Total Consumer Spending : $ 147 M $ 458 M $ 610 M
2023 Median Age : 48 52 54
2023 Total Households : 2,519 7,858 10,400
2023 Pop Age 25+: Bachelor's Degree : 564 1,980 2,630
2023 Average Home Value : $ 197,082 $ 204,621 $ 209,646
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 62B Thorn St 2021 21,000 0.03 mi
Spring Street Russell St 2021 180 0.12 mi
Russell Street Cedar St 2021 640 0.24 mi
US Hwy 62 Russell St 2002 20,000 0.24 mi
North College Street E North St 2021 3,900 0.25 mi
North College Street Market St 2021 3,100 0.27 mi
North College Street Ray St 2021 7,300 0.31 mi
East North Street N Church St 2021 3,400 0.34 mi
North Cardinal Drive Bluebird Ln 2021 7,400 0.35 mi
East 1st Street Dixie Ct 2021 2,100 0.35 mi

Listing Broker

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