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Views: 78 Updated: 10.04.23 Posted: 02.17.23 Status: Inactive

Summary

Price $1,916,000
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 06-01-2023
#Units 27
Price/SF $3,756.86
Expiration 05-30-2038
Tenant Type Fast Food/QSR
NOI $115,000
R. Term 13.11
Ownership Fee Simple
Rent/SF $225.49
Increases 10.0%/5/yrs
Pop 5Mi 37,838
Lot/AC 0.80
Options 4/5yrs/10%
AHHI 5Mi $56,420

Lease Highlights

  • Brand new construction 2023
  • 7 Venture, Inc. has committed to signing a brand-new 15-year lease upon sale with 4 (5-year) options to extend
  • Lease features 10% rental increases throughout the initial lease term and at each option
  • Absolute NNN lease presents zero landlord responsibilities
  • 7 Venture Inc. is an affiliate of K-Mac Enterprises Inc. a leading quick-service restaurant franchisee founded in 1964 and achieves more than $530M in annual sales

Location Description

7 Brew is strategically located along West Shawnee Street with access to over 8,000 vehicles per day. The building will include a drive-thru and sit as an out parcel to a highly visited Walmart shopping center. On average, stores with drive-thrus experience higher sales than those without. Neighboring tenants supporting the retail corridor include Taco Bell, Chili’s, Aldi, Dollar Tree, Five...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Venture Inc.
  • Guarantor:Franchisee
  • Company:K Mac Enterprises, Inc.
  • # 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,634 23,039 35,808
2023 Total Population : 1,665 23,690 36,657
2023 Employed Civilian Pop : 479 8,906 14,951
2023 Total Businesses : 235 1,557 1,957
2023 Average Household Income : $ 44,089 $ 56,461 $ 61,766
2023 Total Consumer Spending : $ 27 M $ 482 M $ 825 M
2023 Median Age : 35 39 40
2023 Total Households : 710 9,704 15,188
2023 Pop Age 25+: Bachelor's Degree : 122 1,982 3,821
2023 Average Home Value : $ 149,472 $ 128,977 $ 154,579
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Shawnee St N 9th St 2010 12,338 0.14 mi
N 11th St W W Shawnee St 2010 5,080 0.23 mi
W Shawnee St N 12th St 2010 21,436 0.36 mi
West Shawnee Bypass Reeves St 2018 27,300 0.38 mi
North 11th Street West Lenapah St 2019 4,700 0.48 mi
Chicago St Kinney St 2010 1,810 0.56 mi
Tamaroa St Carroll St 2010 1,092 0.60 mi
Wewoka St N 15th St 2010 173 0.60 mi
N 11th St W Tamaroa St 2010 5,179 0.69 mi
Tamaroa St N 14th St 2010 289 0.70 mi

Listing Broker

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