7 Brew Coffee

1514 Decatur Pike, Athens, TN 37303

$2,610,000

Cap Rate 7.15%

Views: 23 DOM: 86 Updated: 05.05.24 Posted: 02.20.24 Status: Contract

Summary

Price $2,610,000	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 7.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 522	Lease Start 02-01-2024	#Units 10
Price/SF $5,000.00	Expiration 02-01-2044	Tenant Type Fast Food/QSR
NOI $186,632	R. Term 19.8	Ownership Fee Simple
Rent/SF $357.53	Increases 1.0%/1/yrs	Pop 5Mi 22,834
Lot/AC 0.67	Options 4/5yrs/1%	AHHI 5Mi $68,598

Lease Highlights

7 Brew Coffee recently executed a brand-new 20-year lease with 4 (5-year) options to extend
The lease features 1% annual rental escalations throughout the initial term and each option period 
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Southern Brew Corp.

Location Description

7 Brew Coffee is strategically located on Decatur Pike, providing excellent access and visibility to a daily traffic count of 22,610 vehicles. The property functions as an outparcel to a Belk and ALDI-anchored shopping center. Furthermore, it is situated just a block away from the intersection of Decatur Pike & Lee Highway, with a combined daily traffic count of 37,600 VPD. The property is...

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Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Income tax free state
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
Personal guarantee

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Links

7 Brew Coffee Wikipedia Athens, Tennessee Zip Code 37303 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:Southern Brew Corp.
# Units:10
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 :	3,216	15,073	22,678
2023 Total Population :	3,306	15,375	22,834
2023 Employed Civilian Pop :	980	5,437	8,577
2023 Total Businesses :	298	935	1,040
2023 Average Household Income :	$ 41,556	$ 60,581	$ 68,598
2023 Total Consumer Spending :	$ 54 M	$ 335 M	$ 557 M
2023 Median Age :	42	41	43
2023 Total Households :	1,477	6,237	9,197
2023 Pop Age 25+: Bachelor's Degree :	186	1,727	2,565
2023 Average Home Value :	$ 174,701	$ 208,648	$ 220,070

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Dupit Street	Decatur Pike	2022	2,429	0.16 mi
Lee Hwy	Burnsbrooke Dr	2003	15,760	0.21 mi
Decatur Pike	Haley St	2022	20,763	0.29 mi
Tellico Avenue	Sliger St	2022	2,876	0.37 mi
Congress Parkway Northwest	Tellico Ave	2022	14,065	0.45 mi
Maple Street	Elliott St	2022	4,700	0.46 mi
Old Riceville Road	Aldridge Ln	2022	3,759	0.56 mi
Velma Road	Sullins Rd	2022	2,823	0.62 mi
VELMA RD.	George St	2021	1,028	0.62 mi
Richardson Street	Oak St	2022	545	0.73 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

156 Listings
6772 Views
10 Sold

Calvin Short

Berkeley Capital Advisors

Contact

163 Listings
7120 Views
11 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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