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Views: 30 DOM: 71 Updated: 05.05.24 Posted: 03.07.24 Status: Active

Summary

Price $2,904,348
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 12-01-2023
#Units 1
Price/SF $5,694.80
Expiration 11-30-2038
Tenant Type Fast Food/QSR
NOI $167,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $327.45
Increases 10.0%/5/yrs
Pop 5Mi 133,264
Lot/AC 0.71
Options 6/5yrs/10%
AHHI 5Mi $94,330

Lease Highlights

  • Brand-new 2024 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 S 26th Street and Highway 24, with access to a combined daily traffic count of 40,998 vehicles. The property is conveniently located within walking distance of the US Olympic & Paralympic Training Facility as well as UCHealth Memorial Hospital. Neighboring national retailers include Walgreens, Starbucks,...

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Maps

  • 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 : 8,720 57,432 137,542
2023 Total Population : 8,716 53,902 133,264
2023 Employed Civilian Pop : 4,742 28,072 66,802
2023 Total Businesses : 634 4,120 8,813
2023 Average Household Income : $ 84,558 $ 100,210 $ 94,330
2023 Total Consumer Spending : $ 307 M $ 2173 M $ 5000 M
2023 Median Age : 45 45 44
2023 Total Households : 4,177 25,030 61,071
2023 Pop Age 25+: Bachelor's Degree : 1,655 11,607 25,401
2023 Average Home Value : $ 439,530 $ 517,778 $ 481,967
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S 26th St St Anthony St 2015 6,216 0.02 mi
S 26th St 2020 35,000 0.05 mi
West Cimarron Street S 26th St 2022 40,000 0.05 mi
S 26th St Midland Expy 2015 5,045 0.08 mi
26TH ST Robinson St 2019 1,300 0.10 mi
S 26th St W Vermijo Ave 2004 4,496 0.13 mi
Bott Ave S 26th St 2011 1,407 0.16 mi
S 27th St W Colorado Ave 2010 653 0.24 mi
W Colorado Ave S 27th St 2010 12,977 0.24 mi
Bott Ave S 24th St 2017 1,905 0.25 mi

Listing Broker

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