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Views: 47 DOM: 40 Updated: 05.03.24 Posted: 05.03.24 Status: Active

Summary

Price $1,750,000
Built/Renov 1948/2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 02-15-2024
#Units 1
Price/SF $3,431.37
Expiration 01-31-2039
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 14.7
Ownership Ground Lease
Rent/SF $205.88
Increases 7.5%/5/yrs
Pop 5Mi 56,085
Lot/AC 0.97
Options 4/5yrs/7.5%
AHHI 5Mi $74,474

Lease Highlights

  • 7 Brew Coffee recently executed a brand new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by 7 Crew Florida, LLC

Location Description

7 Brew Coffee is strategically located on North 14th Street, with access to 34,700 vehicles passing by daily. The property is situated directly across the street from a Publix anchored center and is surrounded by well-known national tenants including Big Lots, Bealls, McDonald’s, AutoZone, O’Reilly Auto Parts, Family Dollar, and more. Furthermore, the site benefits from close proximity to UF...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:7 Crew Florida, LLC
  • # 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 : 7,627 27,801 56,474
2023 Total Population : 7,636 27,632 56,085
2023 Employed Civilian Pop : 3,352 11,250 21,081
2023 Total Businesses : 713 1,647 2,234
2023 Average Household Income : $ 61,175 $ 61,619 $ 74,474
2023 Total Consumer Spending : $ 167 M $ 620 M $ 1629 M
2023 Median Age : 40 48 53
2023 Total Households : 3,099 11,411 24,906
2023 Pop Age 25+: Bachelor's Degree : 429 2,508 7,024
2023 Average Home Value : $ 244,990 $ 253,277 $ 288,996
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 14th St Sunshine Ave 2012 23,500 0.04 mi
14th Street Sunshine Ave 2021 21,600 0.06 mi
14th Street Center St 2022 21,500 0.06 mi
North Blvd W Newman Dr 2012 29,547 0.29 mi
North Boulevard Perkins St 2022 30,500 0.31 mi
North Boulevard Marion St 2022 40,500 0.34 mi
N 14th St Center St 2012 24,500 0.35 mi
North Blvd W Marion St 2012 33,000 0.37 mi
North Blvd W Perkins St 2012 25,500 0.37 mi
14th Street North Blvd W 2022 40,000 0.40 mi

Listing Broker

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