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Views: 29 DOM: 67 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,923,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 02-01-2024
#Units 2
Price/SF $3,770.59
Expiration 02-01-2044
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 19.7
Ownership Ground Lease
Rent/SF $245.10
Increases 10.0%/5/yrs
Pop 5Mi 44,454
Lot/AC 0.52
Options 4/5yrs/10%
AHHI 5Mi $88,816

Lease Highlights

  • Brand-new 2024 construction
  • 7 Brew Coffee recently executed a brand-new 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by 7 Brew Mississippi, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of Clinton Parkway and Highway 80 W, with access to a combined daily traffic count of 28,200 vehicles. The property is positioned directly across the street from Mississippi College, a private university with over 5,000 enrolled students. Additionally, it is anchored by a high-performing Kroger, serving as the main...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:7 Brew Mississippi, LLC
  • # Units:2
  • 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 : 6,647 26,693 43,813
2023 Total Population : 6,787 27,483 45,114
2023 Employed Civilian Pop : 2,404 11,872 18,936
2023 Total Businesses : 451 839 1,400
2023 Average Household Income : $ 69,257 $ 80,805 $ 69,019
2023 Total Consumer Spending : $ 134 M $ 726 M $ 1058 M
2023 Median Age : 27 36 36
2023 Total Households : 2,211 10,473 17,726
2023 Pop Age 25+: Bachelor's Degree : 967 5,380 7,430
2023 Average Home Value : $ 197,204 $ 209,846 $ 193,078
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clinton Parkway Fairmont St 2021 17,000 0.17 mi
Hwy 80 W Broadway St 2009 27,000 0.21 mi
Broadway St 2018 20,000 0.21 mi
Springridge Rd Broadway St 2009 27,000 0.21 mi
Springridge Road Broadway St 2018 20,000 0.21 mi
East College Street Landrum St 2021 3,900 0.26 mi
East College Street Clinton Pkwy 2018 4,700 0.26 mi
Clinton Pkwy E Main St 2018 21,000 0.28 mi
East College Street Hester St 2021 3,700 0.31 mi
Woodstone Rd Woodstone Pl 2008 1,700 0.37 mi

Listing Broker

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