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Views: 35 DOM: 102 Updated: 04.28.24 Posted: 02.15.24 Status: Active

Summary

Price $1,600,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 01-15-2004
#Units 20
Price/SF $3,137.25
Expiration 01-31-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 89,052
Lot/AC 0.67
Options 4/5yrs/10%
AHHI 5Mi $62,432

Lease Highlights

  • Brand-new 2024 construction
  • 7 Brew Coffee recently executed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee backed lease

Location Description

7 Brew Coffee is strategically located on Rogers Avenue, the main retail thoroughfare, with access to 32,500 vehicles passing by daily. Additionally, the property is conveniently located just one block from I-540 (51,600 VPD). Surrounding national retailers include Walmart Neighborhood Market, Hobby Lobby, Planet Fitness, Burlington, and more. Furthermore, the property is adjacent to Central...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:20
  • 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 : 5,807 50,858 90,432
2023 Total Population : 5,846 50,685 90,049
2023 Employed Civilian Pop : 2,887 23,443 40,379
2023 Total Businesses : 504 2,545 4,394
2023 Average Household Income : $ 93,432 $ 75,153 $ 74,268
2023 Total Consumer Spending : $ 208 M $ 1417 M $ 2385 M
2023 Median Age : 42 38 38
2023 Total Households : 2,549 21,557 36,717
2023 Pop Age 25+: Bachelor's Degree : 997 5,614 9,566
2023 Average Home Value : $ 295,100 $ 218,701 $ 194,574
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Waldron Road U St S 2021 5,200 0.03 mi
Rogers Avenue S 57th St 2021 33,000 0.14 mi
South 58th Street X St S 2021 2,500 0.30 mi
Rogers Avenue S P St 2021 26,000 0.33 mi
South Waldron Street Duncan Rd 2021 11,000 0.34 mi
540 Rogers Ave 2021 2,700 0.40 mi
540 Rogers Ave 2021 6,800 0.44 mi
540 Rogers Ave 2021 7,000 0.45 mi
540 Cliff Dr 2021 7,200 0.48 mi
540 I- 540 2021 2,200 0.48 mi

Listing Broker

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