7 Brew Coffee (GL)

1433 Encanto Place, Montrose, CO 81401

$1,467,000

Cap Rate 6.00%

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

Summary

Price $1,467,000	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 07-01-2024	#Units 6
Price/SF $2,876.47	Expiration 06-30-2039	Tenant Type Fast Food/QSR
NOI $88,000	R. Term 15.1	Ownership Ground Lease
Rent/SF $172.55	Increases 10.0%/5/yrs	Pop 5Mi 30,050
Lot/AC 0.64	Options 5/5yrs/10%	AHHI 5Mi $90,728

Kyle Varni

Secure Net Lease

Contact

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee will be executing a brand-new 15-year ground lease with 5 (5-year) options to extend upon close of escrow
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee is strategically located at the hard corner intersection of Townsend Avenue and Encanto Place, with access to a combined daily traffic count of 34,100 vehicles. This property is the first 7 Brew store in Colorado. Furthermore, the site is surrounded by well-known national tenants including Dunkin', Taco Bell, Freddy's Steakburger, Verizon, O'Reilly, and more. Key community...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Affluent suburb location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Montrose, Colorado Zip Code 81401 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7Crew Enterprises, LLC
# Units:6
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 :	5,454	25,712	30,964
2023 Total Population :	5,384	25,291	30,361
2023 Employed Civilian Pop :	2,351	11,125	13,475
2023 Total Businesses :	419	1,302	1,490
2023 Average Household Income :	$ 73,605	$ 76,557	$ 78,743
2023 Total Consumer Spending :	$ 160 M	$ 716 M	$ 875 M
2023 Median Age :	46	42	43
2023 Total Households :	2,484	10,757	12,786
2023 Pop Age 25+: Bachelor's Degree :	797	3,549	4,406
2023 Average Home Value :	$ 336,226	$ 389,818	$ 398,675

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Townsend Avenue	Church St	2022	28,000	0.05 mi
East Oak Grove Road	S Townsend Ave	2021	4,099	0.21 mi
OAKGROVEWRD	Stover Ave	2019	2,600	0.27 mi
East Niagara Road	Saint Marys Dr	2021	9,438	0.29 mi
South Townsend Avenue	Encanto Pl	2021	27,581	0.35 mi
South Townsend Avenue	Niagara Rd	2022	28,000	0.38 mi
S Hwy 550	S 12th St	2006	24,500	0.47 mi
South 12th Street	Sunnyside Rd	2021	6,495	0.48 mi
S Hwy 550	Venture Way	2006	23,400	0.52 mi
Odelle Road	Abrams Ave	2021	1,548	0.59 mi

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