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Views: 27 DOM: 50 Updated: 04.26.24 Posted: 04.07.24 Status: Active

Summary

Price $1,658,500
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 07-01-2024
#Units 6
Price/SF $3,251.96
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $102,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $200.00
Increases 10.0%/5/yrs
Pop 5Mi 97,461
Lot/AC 0.94
Options 5/5yrs/10%
AHHI 5Mi $89,099

Lease Highlights

  • Brand-new 2023 construction
  • 7 Brew Coffee will be executing a brand-new 15-year ground lease with 5 (5-year) options to extend upon close of escrow
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

7 Brew Coffee is strategically located on Knickerbocker Road, with access to a combined daily traffic count of 29,950 vehicles. The property is surrounded by well-known national tenants, including Chick-Fil-A, Raising Cane’s, Taco Bell, Burger King, and more. Additionally, in the vicinity are Stadium Oaks Apartments, River Ranch Apartments, Bellagio at Sunset Apartments, and more. The 5-mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 7,003 64,643 101,684
2023 Total Population : 6,881 64,032 100,266
2023 Employed Civilian Pop : 3,416 30,297 47,283
2023 Total Businesses : 384 2,930 3,652
2023 Average Household Income : $ 68,568 $ 73,258 $ 76,326
2023 Total Consumer Spending : $ 180 M $ 1669 M $ 2658 M
2023 Median Age : 31 35 36
2023 Total Households : 2,992 26,076 39,949
2023 Pop Age 25+: Bachelor's Degree : 762 7,829 12,666
2023 Average Home Value : $ 262,146 $ 211,348 $ 209,893
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Knickerbocker Road S Jackson St 2022 15,946 0.39 mi
South Jackson Street Industrial Ave 2022 7,566 0.47 mi
Knickerbocker Road S Bryant Blvd 2022 14,139 0.55 mi
South Bryant Boulevard S Bryant Blvd 2022 26,387 0.58 mi
West Avenue N Harbor Ct 2022 14,230 0.65 mi
South Jackson Street W Ave N 2022 2,091 0.65 mi
South Bryant Boulevard Town and Country Dr 2022 20,556 0.66 mi
South Jackson Street S Bryant Blvd 2022 7,562 0.84 mi
West Avenue L S Bryant Blvd 2022 8,743 0.84 mi
South Abe Street W Ave K 2022 29,112 0.87 mi

Listing Broker

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