7 Brew Coffee (GL)

2201 West Texas Avenue, Midland, TX 79701

$1,991,700

Cap Rate 6.00%

Views: 21 DOM: 28 Updated: 04.19.24 Posted: 04.19.24 Status: Active

Summary

Price $1,991,700	Built/Renov 2024	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 02-01-2024	#Units 6
Price/SF $3,905.29	Expiration 02-01-2039	Tenant Type Fast Food/QSR
NOI $119,500	R. Term 14.8	Ownership Ground Lease
Rent/SF $234.31	Increases 10.0%/5/yrs	Pop 5Mi 135,261
Lot/AC 0.48	Options 3/5yrs/10%	AHHI 5Mi $151,698

Kyle Varni

Secure Net Lease

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Lease Highlights

Brand-new 2024 construction
7 Brew Coffee recently executed a brand-new 15-year ground lease with 5 (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 7 Crew Enterprises, LLC (6 units backed)

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of W Wall Street and Andrews Highway, with access to a robust combined daily traffic count of 48,367 vehicles. The property benefits from adjacency to well-known national tenants including Raising Cane's, McDonald's, and Burger King. Moreover, it enjoys a convenient position directly across from Midland Park...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Strong demographics
Income tax free state
Brand new lease
Long 10+ yr lease
Personal guarantee

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Links

7 Brew Coffee Wikipedia Midland, Texas Zip Code 79701 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7 Crew 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 :	8,961	85,113	141,889
2023 Total Population :	8,892	82,164	136,057
2023 Employed Civilian Pop :	4,716	42,773	73,308
2023 Total Businesses :	762	4,298	5,873
2023 Average Household Income :	$ 103,177	$ 98,518	$ 111,134
2023 Total Consumer Spending :	$ 292 M	$ 2528 M	$ 4806 M
2023 Median Age :	35	34	35
2023 Total Households :	3,265	29,409	49,765
2023 Pop Age 25+: Bachelor's Degree :	1,388	9,956	20,713
2023 Average Home Value :	$ 257,597	$ 264,531	$ 301,047

*ESRI data is presented for informational purposes only

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