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7 Brew Coffee
1230 North Main Street, Miami, OK 74354
$1,647,000
Cap Rate 6.45%
Summary
| Price $1,647,000 | Built/Renov 2023 | Tenant 7 Brew Coffee |
| Cap Rate 6.45% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
550
| Lease Start
05-01-2024
| #Units
1
|
| Price/SF $2,994.55 | Expiration
04-30-2039
| Tenant Type Fast Food/QSR |
| NOI $106,200 | R. Term 15.4 | Ownership Fee Simple |
| Rent/SF
$193.09
| Increases 10.0%/5/yrs | Pop 5Mi 17,494 |
| Lot/AC 0.42 | Options 3/5yrs/10% | AHHI 5Mi $52,838 |
| | |
Lease Highlights
- Brand-new 2023 construction
- 7 Brew Coffee will sign a new 15-year lease with 4 (5-year) options to extend upon close of escrow
- The lease features 10% rental increases every 5 years
- Absolute NNN | Zero landlord responsibilities
- Personal guarantee
Location Description
This brand-new, double drive-thru 7 Brew is conveniently located on a hard corner along N. Main St./Route 66 which sees 17,300+ vehicles passing by daily. The site benefits from being surrounded by many national tenants, including Walmart, Harps, Dollar Tree, Harbor Freight Tools, Advance Auto Pats, and many others, creating a strong consumer drive to the trade area. Additionally, it benefits...
...Features
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New construction
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Hard corner intersection
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Near major nationals
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Strategically located
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Highway location
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Strong tenant synergy
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Brand new lease
-
Long 15+ yr lease
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Absolute NNN
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Personal guarantee
...
Maps
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,041 | 13,150 | 16,937 |
| 2023 Total Population : | 7,174 | 13,380 | 17,169 |
| 2023 Employed Civilian Pop : | 3,056 | 5,782 | 7,687 |
| 2023 Total Businesses : | 279 | 699 | 802 |
| 2023 Average Household Income : | $ 50,210 | $ 54,070 | $ 56,400 |
| 2023 Total Consumer Spending : | $ 135 M | $ 252 M | $ 336 M |
| 2023 Median Age : | 36 | 38 | 39 |
| 2023 Total Households : | 3,059 | 5,309 | 6,779 |
| 2023 Pop Age 25+: Bachelor's Degree : | 502 | 995 | 1,361 |
| 2023 Average Home Value : | $ 97,389 | $ 117,260 | $ 133,683 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 13th Avenue Northwest | N Main St | 2019 | 10,100 | 0.08 mi |
| North Main Street | 11th Ave NW | 2018 | 15,700 | 0.10 mi |
| North Main Street | N Main St | 2019 | 16,200 | 0.10 mi |
| West Bj Tunnell Boulevard | A St NW | 2018 | 2,900 | 0.26 mi |
| West Bj Tunnell Boulevard | C St NW | 2019 | 2,900 | 0.30 mi |
| Coyne Avenue | D St NW | 2019 | 100 | 0.31 mi |
| East Street Northeast | 10th Ave NE | 2019 | 1,300 | 0.35 mi |
| East Bj Tunnel Boulevard | D St NE | 2019 | 2,700 | 0.36 mi |
| East Street Northeast | 10th Ave NE | 2018 | 1,300 | 0.37 mi |
| D Street Northeast | E Bj Tunnell Blvd | 2019 | 5,200 | 0.42 mi |
