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Views: 4 DOM: 194 Updated: 09.21.23 Posted: 05.31.23 Status: Active

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 14.5
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

Lease 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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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