7 Brew Coffee (GL)

4001 North Grandview Avenue, Odessa, TX 79762

$1,642,000

Cap Rate 6.00%

Views: 20 DOM: 41 Updated: 04.26.24 Posted: 04.06.24 Status: Active

Summary

Price $1,642,000	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 $3,219.61	Expiration 06-30-2039	Tenant Type Fast Food/QSR
NOI $98,500	R. Term 15.1	Ownership Ground Lease
Rent/SF $193.14	Increases 10.0%/5/yrs	Pop 5Mi 121,137
Lot/AC 0.51	Options 4/5yrs/10%	AHHI 5Mi $108,662

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 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 7Crew Enterprises, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of 42nd Street and Grandview Avenue, with access to a combined daily traffic count of 72,000 vehicles. The property is conveniently situated within walking distance of Permian High School, which boasts an enrollment of 3,621 students, and is just one mile away from The University of Texas Permian Basin....

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Odessa, Texas Zip Code 79762 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 :	15,468	70,906	131,044
2023 Total Population :	14,847	69,022	127,466
2023 Employed Civilian Pop :	7,859	35,684	63,662
2023 Total Businesses :	614	2,924	4,872
2023 Average Household Income :	$ 83,376	$ 80,370	$ 82,120
2023 Total Consumer Spending :	$ 407 M	$ 1803 M	$ 3301 M
2023 Median Age :	36	34	34
2023 Total Households :	5,644	25,728	46,055
2023 Pop Age 25+: Bachelor's Degree :	1,629	7,216	12,210
2023 Average Home Value :	$ 276,531	$ 243,164	$ 268,620

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Grandview Avenue	E 37th St	2022	22,404	0.03 mi
E 42nd St	N Grandview Ave	2016	59,024	0.11 mi
E 42nd St	Redbud Ave	2016	56,320	0.13 mi
N Grandview Ave	Penbrook St	2016	29,158	0.17 mi
East 42nd Street (Chris Kyle Memorial Highway)	Englewood Ln	2020	37,350	0.19 mi
East 42nd Street	Englewood Ln	2022	37,720	0.19 mi
E 42nd St	Englewood Ln	2016	40,033	0.19 mi
Englewood Ln	Englewood Cir	2016	2,673	0.21 mi
E Everglade Ave	N Grandview Ave	2012	1,130	0.24 mi
Bonham Ave	E 37th St	2012	3,030	0.25 mi

Listing Broker

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