7 Brew Coffee

105 Charlestowne Way, Augusta, GA 30907

$2,769,230

Cap Rate 6.50%

Views: 59 DOM: 176 Updated: 04.28.24 Posted: 11.22.23 Status: Active

Summary

Price $2,769,230	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 400	Lease Start 07-01-2023	#Units 89
Price/SF $6,923.07	Expiration 07-01-2043	Tenant Type Fast Food/QSR
NOI $180,000	R. Term 19.1	Ownership Fee Simple
Rent/SF $450.00	Increases 5.0%/10/yrs	Pop 5Mi 135,640
Lot/AC 0.83	Options 4/5yrs/10%	AHHI 5Mi $84,561

Andrew Ackerman

Sands Investment Group

Contact

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee has 19+ years remaining on the current lease term with 4 (5-year) options
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

The subject property is strategically located on Charlestowne Way at the corner of Washington Road which see a combined traffic count of 36,552+ vehicles passing by daily. It is also just moments Interstate 20 which boasts an additional 66,774 per day. The site benefits from surrounding national retailers including Mercedes-Benz of Augusta, Chick-l-A, Village West Shopping Center, Circle K,...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

7 Brew Coffee Wikipedia Augusta, Georgia Zip Code 30907 Broker Site Page

Maps

Local Information

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,273	55,875	140,717
2023 Total Population :	9,570	56,150	138,884
2023 Employed Civilian Pop :	4,994	26,868	63,508
2023 Total Businesses :	464	2,652	6,123
2023 Average Household Income :	$ 90,744	$ 110,284	$ 99,283
2023 Total Consumer Spending :	$ 401 M	$ 2461 M	$ 5230 M
2023 Median Age :	36	39	39
2023 Total Households :	5,015	25,709	60,639
2023 Pop Age 25+: Bachelor's Degree :	1,484	10,785	22,459
2023 Average Home Value :	$ 237,495	$ 288,702	$ 269,748

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Washington Road	Baston Rd	2021	33,600	0.15 mi
Washington Road	Charlestowne Way	2019	35,000	0.15 mi
I- 20	Washington Rd	2005	65,140	0.22 mi
	I- 20	2021	5,140	0.26 mi
Washington Rd	Shartom Dr	2008	38,990	0.30 mi
	Commons Blvd	2021	12,400	0.35 mi
	Washington Rd	2021	8,470	0.40 mi
Pickerel Lane	Parrish Rd	2021	30	0.49 mi
	Washington Rd	2021	3,050	0.54 mi
Stevens Creek Road	Bon Air Dr	2021	8,720	0.56 mi

Listing Broker

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