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7 Brew Coffee
2435 North Lebanon Street, Lebanon, IN 46052
$1,950,000
Cap Rate 6.00%
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...
...Features
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New construction
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Signalized intersection
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Dense retail corridor
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Near major nationals
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Strategically located
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Strong tenant synergy
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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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 : | 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 |
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 |
