7 Brew Coffee (GL)

East Platte Avenue & Swope Avenue, Colorado Springs, CO 80909

$1,076,391

Cap Rate 5.75%

Views: 25 DOM: 67 Updated: 05.05.24 Posted: 03.10.24 Status: Active

Summary

Price $1,076,391	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 12-26-2023	#Units 1
Price/SF $2,110.57	Expiration 12-25-2038	Tenant Type Fast Food/QSR
NOI $61,893	R. Term 14.7	Ownership Ground Lease
Rent/SF $121.36	Increases 10.0%/4/yrs	Pop 5Mi 272,486
Lot/AC 0.55	Options 6/5yrs/10%	AHHI 5Mi $83,546

Jimmy Goodman

The Boulder Group

Contact

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee recently executed a brand-new 15-year ground lease with 6 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of Platte Avenue and Swope Avenue, with access to a combined daily traffic count of 34,366 vehicles. The property is conveniently situated within walking distance of the US Olympic & Paralympic Training Facility as well as UCHealth Memorial Hospital. Additionally, the area is surrounded by national retailers...

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Key Features

New construction
Signalized intersection
Near major nationals
Strategically located
Strong demographics
Major MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

7 Brew Coffee Wikipedia Colorado Springs, Colorado Zip Code 80909 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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Listing Broker

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