loader
Join Free
Views: 51 Updated: 12.04.23 Posted: 08.02.23 Status: Inactive

Summary

Price $1,500,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 510
Lease Start 09-07-2023
#Units 89
Price/SF $2,941.18
Expiration 08-31-2038
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.3
Ownership Ground Lease
Rent/SF $176.47
Increases 10.0%/5/yrs
Pop 5Mi 43,326
Lot/AC 0.67
Options 4/5yrs/10%
AHHI 5Mi $70,186

Lease Highlights

  • Brand-new construction, 2023
  • 7 Brew executed a brand new 15-year lease with 3 (5 year) options to extend
  • Lease features a 10% rent increase every 5 years
  • Absolute NNN lease| Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This newly constructed 7 Brew Coffee is strategically positioned at the hard corner of W Main Street and 10th Street which sees more than 22,000 VPD. The property is located on a 0.67-acre parcel and has excellent ingress/egress and is within a half mile from U.S. Highway 67 which sees over 25,900 VPD. Nearby retailers include Walmart Supercenter, The Home Depot, Walgreens, Dollar General,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Corporate
  • Company:Brew Culture LLC
  • # Units:89
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,663 27,458 46,291
2023 Total Population : 5,736 26,634 44,532
2023 Employed Civilian Pop : 2,535 12,135 20,491
2023 Total Businesses : 412 833 1,059
2023 Average Household Income : $ 72,169 $ 89,883 $ 94,513
2023 Total Consumer Spending : $ 153 M $ 787 M $ 1333 M
2023 Median Age : 34 36 37
2023 Total Households : 2,434 10,189 16,446
2023 Pop Age 25+: Bachelor's Degree : 439 3,151 5,219
2023 Average Home Value : $ 237,357 $ 210,086 $ 220,606
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West Main Street N 10th St 2019 22,000 0.03 mi
89 W Main St 2021 24,000 0.05 mi
South 10th Street W Elm St 2021 1,800 0.10 mi
W Pine St N 4th St 2016 18,000 0.31 mi
67 Kmart Plz 2021 3,700 0.43 mi
West Main Street S 3rd St 2021 2,300 0.43 mi
West Saint John Street Collins St 2021 1,300 0.44 mi
West Main Street W Pine St 2021 19,000 0.44 mi
W Pine St N 2nd St 2017 19,000 0.44 mi
67 W Locust St 2021 1,800 0.44 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