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Views: 47 DOM: 63 Updated: 10.08.24 Posted: 08.08.24 Status: Active

Summary

Price $2,852,738
Built/Renov 2000
Tenant 7 Brew Coffee
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 530
Lease Start 11-03-2023
#Units 1
Price/SF $5,382.52
Expiration 11-03-2043
Tenant Type Fast Food/QSR
NOI $185,427
R. Term 19.0
Ownership Fee Simple
Rent/SF $349.86
Increases 10.0%/5/yrs
Pop 5Mi 170,459
Lot/AC 0.61
Options 4/5yrs/10%
AHHI 5Mi $70,632

Lease Highlights

  • 7 Brew Coffee has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of Beltline Boulevard and Forest Drive, benefiting from a robust combined daily traffic count of 50,805 vehicles. The property is situated across from Kroger, Columbia Art School, Walgreens, Verizon Wireless, Ace Hardware, and Firestone. Key community educational institutions in the vicinity include Dreher High...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # 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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Listing Broker

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