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Views: 64 DOM: 55 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $1,769,000
Built/Renov 2022
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 10-17-2022
#Units 1
Price/SF $3,468.63
Expiration 10-31-2037
Tenant Type Fast Food/QSR
NOI $115,000
R. Term 12.11
Ownership Ground Lease
Rent/SF $225.49
Increases 10.0%/5/yrs
Pop 5Mi 97,578
Lot/AC 1.54
Options 4/5yrs/10%
AHHI 5Mi $71,876

Lease Highlights

  • New 2022 construction
  • 7 Brew Coffee has 13 years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Personally guaranteed lease

Location Description

7 Brew Coffee is strategically located on Scottsville Road, with access to 32,000 vehicles passing by daily. The property is positioned across from Kroger and Sam's Club and is adjacent to Greenwood Mall. The surrounding area includes prominent national retailers such as Big Lots!, Great Clips, Hobby Lobby, and more. The 5-mile trade area serves a population of 97,578 residents, with an...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Larry Wilson
  • # Units:1
  • 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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Listing Broker

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