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Views: 77 DOM: 54 Updated: 10.30.24 Posted: 10.09.24 Status: Active

Summary

Price $1,700,000
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 7
Price/SF $3,333.33
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $102,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $200.00
Increases 10.0%/5/yrs
Pop 5Mi 299,465
Lot/AC 0.73
Options 4/5yrs/10%
AHHI 5Mi $82,607

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year ground lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee is a 26 year multi-concept operator | Currently operates seven 7 Brew locations with an agreement to develop and operate 70+ over the next several years

Location Description

7 Brew Coffee is strategically located on Wyoming Boulevard NE, with access to 39,014 vehicles passing by daily. The property is surrounded by prominent national tenants such as Target, CVS Pharmacy, Slim Chickens, McDonald's, Wells Fargo, and more. Key educational institutions in the vicinity include S. Y. Jackson Elementary School, Sandia Base Elementary School, and Seven Bar Elementary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:7B New Mexico, LLC
  • # Units:7
  • 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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Listing Broker

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