loader
Join Free
Views: 42 DOM: 54 Updated: 04.19.24 Posted: 04.19.24 Status: Active

Summary

Price $1,633,500
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 02-26-2024
#Units 6
Price/SF $3,202.94
Expiration 02-26-2039
Tenant Type Fast Food/QSR
NOI $98,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $192.16
Increases 10.0%/5/yrs
Pop 5Mi 128,547
Lot/AC 0.71
Options 3/5yrs/10%
AHHI 5Mi $159,866

Lease Highlights

  • Brand-new 2024 construction
  • 7 Brew Coffee recently executed a brand-new 15-year ground else 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 strategically located on W. Loop 250, with access to a robust daily traffic count of 52,700 vehicles. The property is surrounded by well-known national tenants, including Raising Cane's, McDonald's, Burger King, Subway, and more. Additionally, it is conveniently situated across the street from Midland Park Mall, which boasts over 89 retailers. In the vicinity, notable landmarks...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,779 71,905 136,723
2023 Total Population : 10,563 69,836 132,040
2023 Employed Civilian Pop : 6,584 39,933 73,535
2023 Total Businesses : 468 2,375 5,280
2023 Average Household Income : $ 113,047 $ 133,261 $ 120,137
2023 Total Consumer Spending : $ 424 M $ 3132 M $ 5048 M
2023 Median Age : 37 38 36
2023 Total Households : 4,344 27,495 48,529
2023 Pop Age 25+: Bachelor's Degree : 2,462 15,447 22,988
2023 Average Home Value : $ 359,247 $ 380,102 $ 321,355
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Midkiff Road W Loop 250 N 2022 23,634 0.11 mi
N Midkiff Rd Ctyard Dr 2015 18,783 0.19 mi
Caldera Blvd N Midkiff Rd 2012 2,420 0.20 mi
Oakridge Dr Crista Ln 2012 820 0.28 mi
Granite Feldspar Ln 2012 180 0.35 mi
N Midkiff Rd Bluebird Ln 2015 13,069 0.39 mi
Bluebird Ln N Midkiff Rd 2015 3,119 0.46 mi
Northtown Pl Whitney Dr 2012 220 0.50 mi
Bluebird Ln Westview Dr 2012 3,180 0.50 mi
Haynes Ave Valley Dr 2015 2,319 0.51 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity