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Views: 135 DOM: 239 Updated: 10.25.24 Posted: 04.07.24 Status: Active 10.25.24

Summary

Price $1,333,500
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 12-01-2024
#Units 6
Price/SF $2,614.71
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $80,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $156.86
Increases 10.0%/5/yrs
Pop 5Mi 162,853
Lot/AC 0.44
Options 5/5yrs/10%
AHHI 5Mi $95,372

Lease Highlights

  • Brand-new 2023 construction
  • Brand-new 15-year ground lease with 5 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee is strategically located near the signalized, hard-corner intersection of S Western Street and W Interstate Hwy 40, with access to a combined daily traffic count of 73,946 vehicles. The property also benefits from its close proximity to Interstate Hwy 27, which sees 43,604 vehicles per day. Moreover, it is conveniently situated directly across from Tascosa High School, the...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,144 93,538 165,650
2023 Total Population : 12,117 92,965 163,608
2023 Employed Civilian Pop : 6,201 44,572 78,839
2023 Total Businesses : 859 4,972 7,528
2023 Average Household Income : $ 70,527 $ 75,421 $ 83,367
2023 Total Consumer Spending : $ 306 M $ 2620 M $ 4845 M
2023 Median Age : 38 38 38
2023 Total Households : 4,985 39,913 67,121
2023 Pop Age 25+: Bachelor's Degree : 1,640 12,497 22,533
2023 Average Home Value : $ 201,660 $ 224,627 $ 233,536
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Western St SW 21st Ave 2017 24,609 0.09 mi
S Western St Charles Ave 2015 19,322 0.20 mi
S Western St Wolflin Ave 2017 23,871 0.20 mi
Wolflin Ave S Western St 2015 6,204 0.24 mi
Wolflin Ave S Goliad St 2015 1,441 0.25 mi
Western Plaza Dr 2021 4,100 0.26 mi
Western Plaza Dr 2022 3,976 0.26 mi
Olsen Blvd Walters St 2015 2,065 0.28 mi
Olsen Blvd Hobbs Rd 2017 10,948 0.31 mi
I- 40 S Western St 2008 81,000 0.31 mi

Listing Broker

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