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Views: 76 DOM: 298 Updated: 06.06.24 Posted: 08.19.23 Status: Active

Summary

Price $1,824,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 600
Lease Start 03-20-2023
#Units 50
Price/SF $3,040.00
Expiration 03-19-2038
Tenant Type Fast Food/QSR
NOI $114,000
R. Term 13.9
Ownership Ground Lease
Rent/SF $190.00
Increases 10.0%/5/yrs
Pop 5Mi 145,381
Lot/AC 0.87
Options 3/5yrs/10%
AHHI 5Mi $85,015

Lease Highlights

  • Brand new 2023 construction
  • 7 Brew Coffee recently signed a brand new 15-year lease with 3 (5-year) options to renew
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Brew Crew 2, LLC (50+ units backed)

Location Description

This newly constructed 7 Brew Coffee is located along Cantrell Road with access to 37,600 vehicles per day. The site benefits from its direct proximity to ReNew on Cantrell (140 units) and Holiday Andover Place providing a directed consumer base for the site to draw from. National/credit tenants in the area include McDonald's, Starbucks, Walgreens, Anytime Fitness, Slim Chickens and many more....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew
  • Guarantor:Franchisee
  • Company:BREW CREW 2, LLC
  • # Units:50
  • 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 : 10,731 57,617 147,296
2023 Total Population : 10,930 58,291 146,627
2023 Employed Civilian Pop : 6,026 31,412 75,725
2023 Total Businesses : 312 3,997 7,840
2023 Average Household Income : $ 108,112 $ 100,278 $ 92,660
2023 Total Consumer Spending : $ 500 M $ 2397 M $ 5350 M
2023 Median Age : 41 39 38
2023 Total Households : 5,374 27,702 66,713
2023 Pop Age 25+: Bachelor's Degree : 2,997 13,646 28,205
2023 Average Home Value : $ 338,152 $ 325,667 $ 292,061
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cantrell Rd Biscayne Dr 2005 29,800 0.03 mi
Cantrell Road Keightly Dr 2021 28,000 0.28 mi
Keightly Drive T St 2021 2,900 0.32 mi
Richwood Road Jewell Rd 2021 1,300 0.45 mi
North Mississippi Avenue Ohio St 2021 12,000 0.47 mi
Cantrell Road Bryant St 2021 27,000 0.65 mi
Hillwood Road Skywood Rd 2021 1,400 0.67 mi
Reservoir Rd Professor Dr 2017 5,700 0.74 mi
Reservoir Road 2019 5,700 0.75 mi
Reservoir Road Sunset Hill 2021 4,900 0.75 mi

Listing Broker

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