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Views: 72 DOM: 217 Updated: 05.17.24 Posted: 11.08.23 Status: Active

Summary

Price $1,850,000
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 $3,363.64
Expiration 04-30-2039
Tenant Type Fast Food/QSR
NOI $124,875
R. Term 14.10
Ownership Fee Simple
Rent/SF $227.05
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...

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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 : 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
*ESRI data is presented for informational purposes only

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

Listing Broker

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