loader
Join Free
Views: 46 DOM: 134 Updated: 04.22.24 Posted: 01.14.24 Status: Active

Summary

Price $1,488,000
Built/Renov 2022
Tenant 7 Brew Coffee (GL)
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 510
Lease Start 06-01-2024
#Units 89
Price/SF $2,917.65
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $93,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $182.35
Increases 10.0%/5/yrs
Pop 5Mi 86,414
Lot/AC 0.53
Options 4/5yrs/10%
AHHI 5Mi $60,095

Lease Highlights

  • 7 Brew Coffee will be signing a brand-new 15-year ground lease with 4 (5-year) options at the close of escrow
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

7 Brew Coffee is strategically located on NW Sheridan Road, with access to 20,000 vehicles passing by daily. The property is surrounded by well-known national tenants, including Walgreens, Taco Bell, Dollar General, Arby’s, ALDI, and more. In close proximity is Sheridan Square Apartments and Comanche County Memorial Hospital. The 5-mile trade area is supported by a population of 86,414 with an...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Corporate
  • Company:Brew Culture LLC
  • # Units:89
  • 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 : 11,220 54,502 82,421
2023 Total Population : 11,259 54,926 82,749
2023 Employed Civilian Pop : 4,621 20,109 30,960
2023 Total Businesses : 649 2,642 3,091
2023 Average Household Income : $ 56,423 $ 54,731 $ 63,828
2023 Total Consumer Spending : $ 244 M $ 1043 M $ 1769 M
2023 Median Age : 36 32 32
2023 Total Households : 4,954 21,738 31,781
2023 Pop Age 25+: Bachelor's Degree : 1,003 4,217 7,586
2023 Average Home Value : $ 166,392 $ 143,686 $ 167,130
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Northwest Sheridan Road 2019 20,200 0.05 mi
NW Sheridan Rd NW Oak Ave 2003 27,873 0.21 mi
NW Ferris Ave NW Dearborn Ave 2003 10,556 0.24 mi
Northwest Ferris Avenue NW Sheridan Rd 2019 6,100 0.30 mi
Northwest Homestead Drive 2019 4,200 0.35 mi
Northwest Ferris Avenue 2019 8,300 0.35 mi
Northwest Cache Road 2019 24,700 0.36 mi
NW Homestead Dr NW Liberty Ave 2003 6,571 0.36 mi
Northwest 31st Street 2019 850 0.50 mi
Northwest 16th Street 2019 1,200 0.53 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity