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Views: 73 DOM: 216 Updated: 06.03.24 Posted: 11.09.23 Status: Active

Summary

Price $1,385,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 530
Lease Start 11-01-2023
#Units 2
Price/SF $2,613.21
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.4
Ownership Ground Lease
Rent/SF $169.81
Increases 10.0%/6/yrs
Pop 5Mi 52,324
Lot/AC 0.38
Options 1/10yrs/10%
AHHI 5Mi $80,006

Lease Highlights

  • Brand-new 2023 construction
  • 7-Brew Coffee recently signed a brand-new 15-year ground lease with 1 (10-year) and 1 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease is backed by the Motley 7 Brew, LLC which currently has 2 stores open and operating with an additional two sites set to open by year-end | Plan to have 15+ units open by the end of 2024 and are obligated to open at least 60 units

Location Description

7 Brew Coffee is strategically located on North Memorial Drive, providing excellent access and visibility to 25,750 vehicles passing by daily. The property is an outparcel within the Hocking Valley shopping center, which is anchored by Kroger, Home Goods, and PetSmart. Additionally, in close proximity, is the River Valley Mall and Lancaster Plaza, featuring more well-known national retailers...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Motley 7 Brew, LLC
  • # Units:2
  • 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 : 7,946 43,574 53,588
2023 Total Population : 7,762 42,442 52,324
2023 Employed Civilian Pop : 3,427 19,280 23,567
2023 Total Businesses : 385 1,604 1,910
2023 Average Household Income : $ 67,725 $ 73,124 $ 80,006
2023 Total Consumer Spending : $ 198 M $ 1146 M $ 1512 M
2023 Median Age : 41 41 42
2023 Total Households : 3,329 17,864 21,622
2023 Pop Age 25+: Bachelor's Degree : 670 4,160 5,633
2023 Average Home Value : $ 213,217 $ 232,985 $ 258,903
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pierce Avenue N Pierce Ave 2021 6,815 0.24 mi
N Memorial Dr Pierce Ave 2018 27,143 0.26 mi
North Columbus Street Nelson 2021 11,250 0.27 mi
N Columbus St Neosa 2019 9,419 0.35 mi
MEMORIAL DR Plaza Way 2021 27,827 0.36 mi
Baltimore Rd NW N Columbus St 2018 6,276 0.41 mi
GOODWIN AVE Fair N 2021 124 0.44 mi
GOODWIN AVE 2020 116 0.44 mi
N Memorial Dr PkSt 2014 32,336 0.44 mi
N Pierce Ave Fair N 2008 10,387 0.45 mi

Listing Broker

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