7 Brew Coffee

2811 N Broadway St, Pittsburg, KS 66762

$1,748,000

Cap Rate 6.75%

Views: 45 DOM: 174 Updated: 04.20.24 Posted: 11.24.23 Status: Active

Summary

Price $1,748,000	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 550	Lease Start 05-01-2024	#Units 1
Price/SF $3,178.18	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $118,000	R. Term 14.11	Ownership Fee Simple
Rent/SF $214.55	Increases 10.0%/5/yrs	Pop 5Mi 36,846
Lot/AC 1.25	Options 4/5yrs/10%	AHHI 5Mi $62,419

Lease Highlights

Brand new 2023 construction
7 Brew Coffee will be signing brand new 15-year lease with 4 (5-year) options at the close of escrow
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Personally guaranteed lease

Location Description

7 Brew is strategically located on Broadway Street, the main retail thoroughfare, with access to 10,700 vehicles passing by daily. The immediate vicinity features a Walmart Supercenter that attracted1,900,000 customers in the last 12 months according to Placer.ai, and a Home Depot, which welcomed 576,300 customers during the same period. Within a 3 miles radius, there are notable institutions...

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Key Features

New construction
Dense retail corridor
Near major nationals
Strategically located
University college close
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Pittsburg, Kansas Zip Code 66762 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:Franchisee
# Units:1
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 :	3,769	19,325	27,116
2023 Total Population :	3,785	19,406	27,157
2023 Employed Civilian Pop :	1,705	9,969	13,864
2023 Total Businesses :	249	1,131	1,409
2023 Average Household Income :	$ 53,090	$ 61,036	$ 63,746
2023 Total Consumer Spending :	$ 70 M	$ 416 M	$ 607 M
2023 Median Age :	33	33	33
2023 Total Households :	1,497	7,763	10,854
2023 Pop Age 25+: Bachelor's Degree :	416	2,469	3,682
2023 Average Home Value :	$ 113,965	$ 143,321	$ 164,527

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Broadway Street	2nd St	2021	9,690	0.15 mi
US Hwy 160	W Atkinson Rd	2018	10,200	0.18 mi
North Broadway Street	27th St	2018	10,200	0.19 mi
N Broadway St	E 29th St	2018	10,200	0.20 mi
27th Street	N Broadway St	2021	2,276	0.28 mi
Parkview Drive	W Atkinson Rd	2018	15,900	0.34 mi
North Joplin Street	E 29th St	2021	3,724	0.35 mi
East Atkinson Avenue	N Joplin St	2021	4,602	0.39 mi
Parkview Dr	Hwy 160	2008	15,300	0.44 mi
North Joplin Street	E 25th St	2021	6,580	0.48 mi

Listing Broker

Hunter Steffien

Faris Lee Investments

Contact

19 Listings
971 Views
9 Sold

Tyler Strauss

Faris Lee Investments

Contact

14 Listings
687 Views
6 Sold

Hunter Steffien

As a Director at Faris Lee Investments, Hunter Steffien specializes in the acquisition and disposition of net leased investments with a specific focus Single Tenant Assets. Mr. Steffien hit the ground running with Faris Lee Investments by quickly becoming a top performer in the company and earning an astounding reputation amongst his clients who consist of private-office owners, developers, REITS, franchisees & corporate restaurant chains. Mr. Steffien’s early and continued success is based

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Tyler Strauss

As an Associate at Faris Lee Investments, Mr. Strauss specializes in the acquisition and disposition of single-tenant net leased investments, national portfolios and sale/leasebacks nationwide. Furthermore, Tyler specializes in creative solutions including but not limited to lease structure, development advisory, break-ups, and pre-sale strategies. In addition, his clients benefit from his financial counsel and ability to produce customized marketing programs to maximize the best outcome. Mr. S

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