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Views: 63 DOM: 84 Updated: 06.25.24 Posted: 04.19.24 Status: Active

Summary

Price $1,991,700
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 02-01-2024
#Units 6
Price/SF $3,905.29
Expiration 02-01-2039
Tenant Type Fast Food/QSR
NOI $119,500
R. Term 14.6
Ownership Ground Lease
Rent/SF $234.31
Increases 10.0%/5/yrs
Pop 5Mi 135,261
Lot/AC 0.48
Options 3/5yrs/10%
AHHI 5Mi $151,698

Lease Highlights

  • Brand-new 2024 construction
  • 7 Brew Coffee recently executed a brand-new 15-year ground lease with 5 (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 Crew Enterprises, LLC (6 units backed)

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of W Wall Street and Andrews Highway, with access to a robust combined daily traffic count of 48,367 vehicles. The property benefits from adjacency to well-known national tenants including Raising Cane's, McDonald's, and Burger King. Moreover, it enjoys a convenient position directly across from Midland Park...

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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 : 8,961 85,113 141,889
2023 Total Population : 8,892 82,164 136,057
2023 Employed Civilian Pop : 4,716 42,773 73,308
2023 Total Businesses : 762 4,298 5,873
2023 Average Household Income : $ 103,177 $ 98,518 $ 111,134
2023 Total Consumer Spending : $ 292 M $ 2528 M $ 4806 M
2023 Median Age : 35 34 35
2023 Total Households : 3,265 29,409 49,765
2023 Pop Age 25+: Bachelor's Degree : 1,388 9,956 20,713
2023 Average Home Value : $ 257,597 $ 264,531 $ 301,047
*ESRI data is presented for informational purposes only

Listing Broker

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