7 Brew Coffee

2435 North Lebanon Street, Lebanon, IN 46052

$1,950,000

Cap Rate 6.00%

DOM: 135 Updated: 12.27.23 Posted: 05.31.23 Status: Sold 10.13.23

Summary

Price $1,950,000	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 $3,823.53	Expiration 05-31-2038	Tenant Type Fast Food/QSR
NOI $117,000	R. Term 12.11	Ownership Fee Simple
Rent/SF $229.41	Increases 10.0%/5/yrs	Pop 5Mi 63,498
Lot/AC 0.62	Options 4/5yrs/10%	AHHI 5Mi $17,764

Marvin DeLaura

Fortis Net Lease

Contact

Highlights

Brand-new construction | Scheduled opening Q2 2023
7 Venture, Inc. will sign a brand-new 15-year lease with 4 (5-year) options to extend upon close of escrow
Lease features 10% rental increases every 5 years
Absolute NNN lease with 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

This newly constructed 7 Brew is strategically located near the signalized, hard corner intersection of North Lebanon Street and Lakeshore Drive, with access to more than 17,570 vehicles passing by daily. The property is adjacent to several major national credit/tenants including Walmart, ALDI, Tractor Supply, and many more, drawing consumers to the immediate trade area. The 5-mile trade is...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Strategically located
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
25+ unit franchisee backed

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Links

7 Brew Coffee Wikipedia Lebanon, Indiana Zip Code 46052 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,136	18,721	20,554
2023 Total Population :	4,907	17,886	19,652
2023 Employed Civilian Pop :	2,785	10,012	10,907
2023 Total Businesses :	175	669	738
2023 Average Household Income :	$ 110,214	$ 92,111	$ 94,212
2023 Total Consumer Spending :	$ 213 M	$ 614 M	$ 674 M
2023 Median Age :	42	40	41
2023 Total Households :	2,245	7,682	8,263
2023 Pop Age 25+: Bachelor's Degree :	854	2,479	2,763
2023 Average Home Value :	$ 355,859	$ 288,182	$ 296,387

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Local	Viceroy Ln	2020	3,096	0.28 mi
West 250 North	N Lebanon St	2021	3,294	0.28 mi
East 250 North	W 250 N	2018	3,085	0.34 mi
North Lebanon Street	W Maple Dr	2021	15,613	0.47 mi
SR 39	Crown Pointe Dr	2021	6,981	0.48 mi
39	W 725 N	2020	6,561	0.48 mi
E 250 N	Golfside Dr	2018	3,050	0.51 mi
Elm Swamp Road	Golfside Dr	2021	2,838	0.59 mi
Local	Countryside Dr	2020	2,667	0.59 mi
Elm Swamp Road	Golfside Dr	2018	3,503	0.60 mi

Listing Broker

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