7 Brew Coffee

650 Highway 62 E, Mountain Home, AR 72653

$1,715,000

Cap Rate 6.88%

$1,748,000

Cap Rate 6.75%

DOM: 205 Updated: 06.17.24 Posted: 10.28.23 Status: Sold 05.20.24

Summary

Price $1,715,000 $1,748,000	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 6.88% 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 550	Lease Start 12-01-2023	#Units 1
Price/SF $3,118.18 $3,178.18	Expiration 12-01-2038	Tenant Type Fast Food/QSR
NOI $118,000	R. Term 13.6	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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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Mountain Home, Arkansas Zip Code 72653 Broker Site Page

Maps

Local Information

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

Hunter Steffien

Faris Lee Investments

Contact

21 Listings
5305 Views
12 Sold

Tyler Strauss

Faris Lee Investments

Contact

16 Listings
3842 Views
9 Sold

Hunter Steffien

As a Director at Faris Lee Investments, Hunter Steffien specializes in the acquisition and disposition of net leased investments with a specific focus Single Tenant Assets. Mr. Steffien hit the ground running with Faris Lee Investments by quickly becoming a top performer in the company and earning an astounding reputation amongst his clients who consist of private-office owners, developers, REITS, franchisees & corporate restaurant chains. Mr. Steffien’s early and continued success is based

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Tyler Strauss

As an Associate at Faris Lee Investments, Mr. Strauss specializes in the acquisition and disposition of single-tenant net leased investments, national portfolios and sale/leasebacks nationwide. Furthermore, Tyler specializes in creative solutions including but not limited to lease structure, development advisory, break-ups, and pre-sale strategies. In addition, his clients benefit from his financial counsel and ability to produce customized marketing programs to maximize the best outcome. Mr. S

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