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Views: 43 DOM: 56 Updated: 10.09.24 Posted: 08.15.24 Status: Active

Summary

Price $1,538,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 06-01-2024
#Units 25
Price/SF $3,015.69
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 14.7
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 28,862
Lot/AC 0.62
Options 6/5yrs/10%
AHHI 5Mi $78,294

Lease Highlights

  • 7-Brew Coffee has 14+ years remaining on the current ground lease term with 6 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Brew Horizons LLC (25 units backed)

Location Description

7 Brew is strategically located near the signalized, hard-corner intersection of State Hwy 13 and Williamson County Pkwy, a major retail thoroughfare with access to a combined daily traffic count of 35,200 vehicles. The property is conveniently situated directly across from Illinois Star Centre Mall, one of Marion’s largest shopping centers, featuring well-known national tenants such as...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Horizons LLC
  • # Units:25
  • 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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Listing Broker

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