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Views: 54 DOM: 185 Updated: 05.17.24 Posted: 11.24.23 Status: Active

Summary

Price $1,748,000
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 550
Lease Start 05-01-2024
#Units 1
Price/SF $3,178.18
Expiration 04-30-2039
Tenant Type Fast Food/QSR
NOI $118,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $214.55
Increases 10.0%/5/yrs
Pop 5Mi 36,846
Lot/AC 1.25
Options 4/5yrs/10%
AHHI 5Mi $62,419

Lease Highlights

  • Brand new 2023 construction
  • 7 Brew Coffee will be signing brand new 15-year lease with 4 (5-year) options at the close of escrow
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Personally guaranteed lease

Location Description

7 Brew is strategically located on Broadway Street, the main retail thoroughfare, with access to 10,700 vehicles passing by daily. The immediate vicinity features a Walmart Supercenter that attracted1,900,000 customers in the last 12 months according to Placer.ai, and a Home Depot, which welcomed 576,300 customers during the same period. Within a 3 miles radius, there are notable institutions...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,769 19,325 27,116
2023 Total Population : 3,785 19,406 27,157
2023 Employed Civilian Pop : 1,705 9,969 13,864
2023 Total Businesses : 249 1,131 1,409
2023 Average Household Income : $ 53,090 $ 61,036 $ 63,746
2023 Total Consumer Spending : $ 70 M $ 416 M $ 607 M
2023 Median Age : 33 33 33
2023 Total Households : 1,497 7,763 10,854
2023 Pop Age 25+: Bachelor's Degree : 416 2,469 3,682
2023 Average Home Value : $ 113,965 $ 143,321 $ 164,527
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Broadway Street 2nd St 2021 9,690 0.15 mi
US Hwy 160 W Atkinson Rd 2018 10,200 0.18 mi
North Broadway Street 27th St 2018 10,200 0.19 mi
N Broadway St E 29th St 2018 10,200 0.20 mi
27th Street N Broadway St 2021 2,276 0.28 mi
Parkview Drive W Atkinson Rd 2018 15,900 0.34 mi
North Joplin Street E 29th St 2021 3,724 0.35 mi
East Atkinson Avenue N Joplin St 2021 4,602 0.39 mi
Parkview Dr Hwy 160 2008 15,300 0.44 mi
North Joplin Street E 25th St 2021 6,580 0.48 mi

Listing Broker

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