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Views: 3 DOM: 213 Updated: 10.18.23 Posted: 05.12.23 Status: Active

Summary

Price $2,770,370
Built/Renov 2022
Tenant 7 Brew Coffee
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 530
Lease Start 07-01-2023
#Units 27
Price/SF $5,227.11
Expiration 06-30-2043
Tenant Type Fast Food/QSR
NOI $187,000
R. Term 19.6
Ownership Fee Simple
Rent/SF $352.83
Increases 10.0%/20/yrs
Pop 5Mi 29,132
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $0

Lease Highlights

  • Brand new 2022 construction
  • Tenant executing a brand new 20-year lease upon close of escrow with 4 (5-year) options to extend
  • Lease features a 5% rent increase every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guarantee by GARG LLC. 

Location Description

The newly constructed property is strategically located in the main Thomasville retail corridor on US Highway 19 (29,157 VPD) in immediate proximity to Highway 84 (17,389 VPD). The new construction Publix/Lowes outparcel benefits from excellent visibility and nearby national credit rated retailers including Verizon, CVS, Office Depot, Walmart, TJ Maxx, Dollar Tree, and many more, drawing...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:GARG LLC.
  • # Units:27
  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Gumlog Road Thomasville Dr 2019 1,610 0.03 mi
Gumlog Road Banks St 2018 2,100 0.70 mi
Martin Drive Banks St 2021 740 0.77 mi
Price Road Gumlog Creek Rd 2021 20 0.92 mi
Anderson Thomas Road Garland Rd 2021 50 0.93 mi
Brookhaven Circle Lake Shore Cir 2021 1,060 1.00 mi
Gumlog Road Memory Ln 2021 2,450 1.26 mi
Julian Westmoreland Drive Memory Ln 2021 140 1.37 mi
GA 17 Banks St 2021 8,530 1.37 mi
Gumlog Creek Road Pleasant Dr 2021 30 1.38 mi

Listing Broker

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