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Views: 32 DOM: 46 Updated: 06.25.24 Posted: 05.28.24 Status: Active

Summary

Price $1,500,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 07-01-2024
#Units 40
Price/SF $2,941.18
Expiration 06-30-2039
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $176.47
Increases 10.0%/5/yrs
Pop 5Mi 83,829
Lot/AC 0.62
Options 4/5yrs/10%
AHHI 5Mi $67,459

Lease Highlights

  • Brand-new 2024 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 7 Venture, Inc. | Corporate affiliate of K-Mac Enterprises

Location Description

7 Brew Coffee is strategically located on US-52, with access to 8,803 vehicles passing by daily. The property is surrounded by well-known national tenants, including Verizon, Freddy's Steakburgers, Subway, Menards, Meijer, Dollar Tree, and more. The 5-mile trade area is supported by a population of 83,829 residents with an average household income of $67,459. West Lafayette is a city in...

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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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