✖
7 Brew Coffee
3004 North Broadway Street, Poteau, OK 74953
$1,733,300
Cap Rate 6.00%
Summary
| Price $1,733,300 | Built/Renov 2023 | Tenant 7 Brew Coffee |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
510
| Lease Start
06-01-2023
| #Units
40
|
| Price/SF $3,398.63 | Expiration
06-01-2038
| Tenant Type Fast Food/QSR |
| NOI $104,000 | R. Term 14.5 | Ownership Fee Simple |
| Rent/SF
$203.92
| Increases 10.0%/5/yrs | Pop 5Mi 12,718 |
| Lot/AC 1.17 | Options 4/5yrs/10% | AHHI 5Mi $59,494 |
| | |
Lease Highlights
- Brand-new construction | Operating since June 2023
- 7 Venture, Inc. will sign a new 15-year lease with 4 (5-year) options to extend upon close of escrow
- Lease features an increase of 10% every 5 years in primary term including option periods
- Absolute NNN lease | Zero Landlord responsibilities
- 7 Venture, Inc. is an affiliate of K-Mac Enterprises Inc. a leading quick-service restaurant franchisee founded in 1964 and achieves more than $530M in annual sales
Location Description
The subject property is positioned along N Broadway Street in Poteau, Oklahoma. The building is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thru experience higher sales than those without. The site is situated in a dense retail corridor surrounded by national/credit tenants including Walmart Supercenter, Burger King, Dollar Tree and...
...Features
-
New construction
-
New prototype
-
Major thoroughfare
-
Freeway close
-
Highway location
-
Major MSA
-
Long 15+ yr lease
-
Absolute NNN
-
Personal guarantee
-
25+ unit franchisee backed
...
Maps
Tenant
- Tenant: 7 Brew Coffee
- Guarantor:Franchisee
- Company:7 Venture, Inc.
- # Units:40
- 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 : | 2,210 | 8,419 | 12,556 |
| 2023 Total Population : | 2,247 | 8,482 | 12,587 |
| 2023 Employed Civilian Pop : | 1,053 | 3,516 | 5,142 |
| 2023 Total Businesses : | 154 | 528 | 666 |
| 2023 Average Household Income : | $ 73,886 | $ 66,474 | $ 66,451 |
| 2023 Total Consumer Spending : | $ 65 M | $ 195 M | $ 281 M |
| 2023 Median Age : | 39 | 38 | 38 |
| 2023 Total Households : | 991 | 3,309 | 4,760 |
| 2023 Pop Age 25+: Bachelor's Degree : | 264 | 755 | 994 |
| 2023 Average Home Value : | $ 156,452 | $ 149,243 | $ 162,029 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Tarby Road | Williams Ln | 2019 | 890 | 0.13 mi |
| Michele Lane West | Waddle St | 2019 | 580 | 0.15 mi |
| Tarby Road | Vaughen | 2018 | 890 | 0.16 mi |
| Waddle St | 2019 | 150 | 0.27 mi | |
| Central Street | Tarby Rd | 2019 | 780 | 0.36 mi |
| Polk Creek Rd | 2019 | 11,400 | 0.66 mi | |
| North Broadway Street | Georgia Pl | 2019 | 12,600 | 0.74 mi |
| Polk Creek Road | Victorian Ln Rd | 2019 | 100 | 0.86 mi |
| N Broadway St | Georgia Pl | 2018 | 12,600 | 0.93 mi |
| Coggins Road | N Broadway St | 2019 | 660 | 0.95 mi |
