7 Brew Coffee (GL)

137 East Pineview Drive, Flowood, MS 39232

$1,923,000

Cap Rate 6.50%

Views: 19 DOM: 40 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,923,000	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 08-01-2023	#Units 2
Price/SF $3,770.59	Expiration 08-01-2043	Tenant Type Fast Food/QSR
NOI $125,000	R. Term 19.2	Ownership Ground Lease
Rent/SF $245.10	Increases 10.0%/5/yrs	Pop 5Mi 55,659
Lot/AC 1.16	Options 4/5yrs/10%	AHHI 5Mi $121,835

Kyle Varni

Secure Net Lease

Contact

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee has 19+ years remaining on the current ground lease term with 4 (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 Brew Culture Franchise, LLC

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of Pineview Drive and Highway 25/Lakeland Drive, with access to a combined daily traffic count of 38,000 vehicles. The property is part of a massive 100+ acre mixed use development that Includes retail, housing, parks, and a proposed 2-mile trail that will connect 23,000 homes to this development. Moreover, it...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Flowood, Mississippi Zip Code 39232 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:Brew Culture Franchise, LLC
# Units:2
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 :	1,536	15,989	90,902
2023 Total Population :	1,533	16,039	91,517
2023 Employed Civilian Pop :	967	8,371	45,295
2023 Total Businesses :	629	1,739	6,551
2023 Average Household Income :	$ 58,135	$ 113,775	$ 80,289
2023 Total Consumer Spending :	$ 42 M	$ 674 M	$ 2828 M
2023 Median Age :	29	39	37
2023 Total Households :	818	6,963	40,553
2023 Pop Age 25+: Bachelor's Degree :	315	3,917	16,481
2023 Average Home Value :	$ 193,651	$ 310,239	$ 242,558

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Hwy 25	River Oaks Dr	2009	55,000	0.07 mi
River Oaks Drive	Lay Fair Dr	2021	7,900	0.30 mi
Layfair Drive	Ct House Cir	2021	2,900	0.32 mi
Layfair Drive	Ct House Cir	2018	2,800	0.32 mi
River Oaks Dr	Red Fern Pl	2008	11,000	0.40 mi
North Flowood Drive	Layfair Dr	2021	3,300	0.50 mi
North Flowood Drive	Flowood Dr	2018	3,200	0.50 mi
Flowood Drive	Short Ln	2018	18,000	0.51 mi
Lakeland Drive	Strickland Dr	2021	51,000	0.57 mi
Magnum Drive	Flowood Dr	2021	3,800	0.62 mi

Listing Broker

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