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Views: 38 DOM: 67 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,829,500
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 07-01-2024
#Units 6
Price/SF $3,587.25
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $112,500
R. Term 15.0
Ownership Ground Lease
Rent/SF $220.59
Increases 10.0%/5/yrs
Pop 5Mi 78,175
Lot/AC 0.47
Options 4/5yrs/10%
AHHI 5Mi $85,982

Lease Highlights

  • Brand-new 2023 construction
  • 7 Brew Coffee will be executing a brand-new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of Southwest Parkway and Kemp Blvd., with access to a combined daily traffic count of 48,600 vehicles. The property is conveniently situated less than 1 mile from Sikes Senter Mall, a 670,000 square foot shopping destination offering a variety of retail shops and an AMC movie theater. This prime location is...

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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 : 8,671 56,020 77,903
2023 Total Population : 8,762 56,457 78,398
2023 Employed Civilian Pop : 4,485 27,964 37,214
2023 Total Businesses : 572 2,214 3,798
2023 Average Household Income : $ 87,601 $ 89,362 $ 84,643
2023 Total Consumer Spending : $ 289 M $ 1819 M $ 2346 M
2023 Median Age : 38 37 37
2023 Total Households : 3,799 23,462 31,873
2023 Pop Age 25+: Bachelor's Degree : 1,406 8,066 9,965
2023 Average Home Value : $ 222,567 $ 200,208 $ 188,031
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
FM 369 Kemp Blvd 2022 22,362 0.02 mi
Southwest Pkwy Kemp Blvd 2010 25,480 0.03 mi
Cunningham Dr Kemp Blvd 2010 640 0.09 mi
Southwest Parkway Kemp Blvd 2022 19,546 0.10 mi
Southwest Pkwy Kemp Blvd 2014 21,054 0.12 mi
Elmwood Ave N Mallard Dr 2010 1,630 0.13 mi
Kemp Boulevard Southwest Pkwy 2022 9,353 0.16 mi
Stearns Ave Rugeley St 2010 1,080 0.17 mi
Stearns Ave 2022 15,042 0.19 mi
Darwin Dr Royal Oak St 2010 1,280 0.22 mi

Listing Broker

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