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Views: 59 DOM: 51 Updated: 10.30.24 Posted: 10.12.24 Status: Active

Summary

Price $1,667,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 12-01-2024
#Units 40
Price/SF $3,268.63
Expiration 12-31-2044
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 20.1
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 12,215
Lot/AC 0.71
Options 4/5yrs/10%
AHHI 5Mi $54,183

Lease Highlights

  • Brand new 2024 construction
  • New 20-year ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by 7 Venture, Inc. (40 units backed)

Location Description

7 Brew Coffee is strategically located on S Kerr Boulevard, with access to 12,460 vehicles passing by daily. The property is conveniently adjacent to a new Whataburger and Taco Bell, with nearby prominent national tenants such as Subway, Walmart, and McDonald's. Surrounding schools include North Farmington High School, Warner Middle School, and Kenbrook Elementary School. The 5-mile trade area...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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