7 Brew Coffee

2901 Pat Booker Road, Universal City, TX 78148

$1,815,000

Cap Rate 6.15%

Updated: 07.07.23 Posted: 04.01.23 Status: Sold

Summary

Price $1,815,000	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 03-01-2023	#Units 50
Price/SF $3,558.82	Expiration 03-01-2038	Tenant Type Fast Food/QSR
NOI $111,650	R. Term 12.9	Ownership Leased Fee
Rent/SF $218.92	Increases 1.5%/1/yrs	Pop 5Mi 228,542
Lot/AC 0.98	Options 4/5yrs/1.5%	AHHI 5Mi $92,328

Lease Highlights

New 2023 construction
Texas Coffee Stores LLC recently signed a brand-new 15-year lease with 4 (5-year) options to extend
Features favorable 1.5% annual rental increases throughout the initial lease term & option periods
Absolute NNN with zero landlord responsibilities
Propery has a 10-year personal/franchisee guaranty that controls Houston, Austin & San Antonio markets with plans for 50+ stores

Location Description

This newly constructed 7 Brew Coffee is strategically located along Pat Booker Road (State HWY 218), a major thoroughfare, with access to 20,700 vehicles per day. The site is situated across from Cayman Apartments (246 units) and Palisade Park Apartments (304 units) providing a direct consumer base from which the site can draw upon. 7 Brew Coffee is located less than a mile south of The Forum...

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Key Features

New construction
Major thoroughfare
Near major nationals
Highway location
Dense 200M+ pop 5 mi
Income tax free state
Brand new lease
Long 15+ yr lease
Personal guarantee
50+ unit franchisee backed

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Links

7 Brew Coffee Wikipedia Universal City, Texas Zip Code 78148 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Texas Coffee Stores, LLC
Guarantor:Franchisee
Company:Texas Coffee Stores, LLC
# Units:50
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 :	11,457	93,164	234,599
2023 Total Population :	11,379	92,451	229,820
2023 Employed Civilian Pop :	6,049	46,282	111,384
2023 Total Businesses :	438	2,192	5,347
2023 Average Household Income :	$ 79,067	$ 89,051	$ 94,492
2023 Total Consumer Spending :	$ 350 M	$ 2682 M	$ 6807 M
2023 Median Age :	39	37	37
2023 Total Households :	5,127	34,867	83,569
2023 Pop Age 25+: Bachelor's Degree :	1,530	13,303	32,163
2023 Average Home Value :	$ 270,371	$ 242,436	$ 245,832

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Pat Booker Road	E Wright Blvd	2021	28,753	0.17 mi
East Loop 1604 North	Coronado Blvd	2021	6,661	0.19 mi
East Loop 1604 North	Cordoba Dr	2021	15,225	0.26 mi
Athenian Dr	Centerbrook	2005	11,140	0.32 mi
Shin Oak Dr	Oak TerDr	2000	2,510	0.33 mi
Coronado Blvd	Balboa Dr	2010	4,020	0.33 mi
Centerbrook	Brookline	2010	620	0.34 mi
Coronado Blvd	Pat Booker Rd	2010	2,120	0.35 mi
Village Oak Dr	Oak TerDr	2010	5,680	0.52 mi
Shin Oak Dr	Enchanted Oaks St	2010	2,750	0.71 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
75673 Views
173 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
83235 Views
206 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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