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Views: 134 DOM: 244 Updated: 09.25.24 Posted: 02.09.24 Status: Active 05.20.24

Summary

Price $2,801,200
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 08-11-2022
#Units 1
Price/SF $5,492.55
Expiration 12-31-2037
Tenant Type Fast Food/QSR
NOI $196,082
R. Term 13.2
Ownership Fee Simple
Rent/SF $384.47
Increases 8.5%/4/yrs
Pop 5Mi 201,978
Lot/AC 0.60
Options 6/5yrs/10%
AHHI 5Mi $91,231

Lease Highlights

  • 7-Brew Coffee 13+ years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features a 8.5% rental increase starting year 6, and 10% every 5 years after including each option period
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located on Essen Lane, with access to 21,826 vehicles passing by daily. The property is surrounded by well-known national tenants, including Wendy's, McDonald's, Walgreens, Albertsons, and more. Additionally, it is situated in a large medical corridor and across the street from Our Lady of the Lake Regional Medical Center, which is the largest hospital in the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # 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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