7 Brew Coffee (GL)

1480 Knickerbocker Road, San Angelo, TX 76904

$1,658,500

Cap Rate 6.15%

Views: 16 DOM: 40 Updated: 04.26.24 Posted: 04.07.24 Status: Active

Summary

Price $1,658,500	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.15%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 07-01-2024	#Units 6
Price/SF $3,251.96	Expiration 06-30-2039	Tenant Type Fast Food/QSR
NOI $102,000	R. Term 15.1	Ownership Ground Lease
Rent/SF $200.00	Increases 10.0%/5/yrs	Pop 5Mi 97,461
Lot/AC 0.94	Options 5/5yrs/10%	AHHI 5Mi $89,099

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
Corporate guaranteed lease

Location Description

7 Brew Coffee is strategically located on Knickerbocker Road, with access to a combined daily traffic count of 29,950 vehicles. The property is surrounded by well-known national tenants, including Chick-Fil-A, Raising Cane’s, Taco Bell, Burger King, and more. Additionally, in the vicinity are Stadium Oaks Apartments, River Ranch Apartments, Bellagio at Sunset Apartments, and more. The 5-mile...

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Key Features

New construction
Dense retail corridor
Near major nationals
Affluent suburb location
Income tax free state
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee

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Links

7 Brew Coffee Wikipedia San Angelo, Texas Zip Code 76904 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 :	7,003	64,643	101,684
2023 Total Population :	6,881	64,032	100,266
2023 Employed Civilian Pop :	3,416	30,297	47,283
2023 Total Businesses :	384	2,930	3,652
2023 Average Household Income :	$ 68,568	$ 73,258	$ 76,326
2023 Total Consumer Spending :	$ 180 M	$ 1669 M	$ 2658 M
2023 Median Age :	31	35	36
2023 Total Households :	2,992	26,076	39,949
2023 Pop Age 25+: Bachelor's Degree :	762	7,829	12,666
2023 Average Home Value :	$ 262,146	$ 211,348	$ 209,893

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Knickerbocker Road	S Jackson St	2022	15,946	0.39 mi
South Jackson Street	Industrial Ave	2022	7,566	0.47 mi
Knickerbocker Road	S Bryant Blvd	2022	14,139	0.55 mi
South Bryant Boulevard	S Bryant Blvd	2022	26,387	0.58 mi
West Avenue N	Harbor Ct	2022	14,230	0.65 mi
South Jackson Street	W Ave N	2022	2,091	0.65 mi
South Bryant Boulevard	Town and Country Dr	2022	20,556	0.66 mi
South Jackson Street	S Bryant Blvd	2022	7,562	0.84 mi
West Avenue L	S Bryant Blvd	2022	8,743	0.84 mi
South Abe Street	W Ave K	2022	29,112	0.87 mi

Listing Broker

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