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Views: 50 DOM: 140 Updated: 05.07.24 Posted: 11.10.23 Status: Sold 03.29.24

Summary

Price $1,940,965 $2,400,000
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 7.73% 6.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 400
Lease Start 12-01-2023
#Units 22
Price/SF $4,852.41 $6,000.00
Expiration 11-30-2043
Tenant Type Fast Food/QSR
NOI $150,000
R. Term 19.6
Ownership Fee Simple
Rent/SF $375.00
Increases 1.0%/1/yrs
Pop 5Mi 55,282
Lot/AC 2.04
Options 5/5yrs/1%
AHHI 5Mi $61,377

Lease Highlights

  • Brand-new 2023 construction
  • 7 Brew Coffee recently signed a brand-new 20-year lease with 4 (5-year) options to extend
  • Lease features 1% annual rental increase throughout the initial term and options
  • Absolute NNN | Zero landlord responsibilities
  • Personally guaranteed by 7 Ventures Inc- Largest 7 Brew franchisee

Location Description

This brand-new 7 Brew is strategically located along West Oglethorpe Highway which sees 36,100+ vehicles passing by daily. The property is surrounded by many major national tenants in the immediate area including Dick’s Sporting Goods, Hobby Lobby, Five Below, PetSmart, TJMaxx and more, creating a strong drive to the trade area and promoting crossover traffic to the site. 7-Brew benefits from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 4,042 32,526 52,493
2023 Total Population : 4,008 32,640 52,897
2023 Employed Civilian Pop : 1,384 11,403 17,626
2023 Total Businesses : 333 1,074 1,237
2023 Average Household Income : $ 59,605 $ 60,732 $ 61,759
2023 Total Consumer Spending : $ 79 M $ 652 M $ 1018 M
2023 Median Age : 33 31 29
2023 Total Households : 1,534 12,335 18,931
2023 Pop Age 25+: Bachelor's Degree : 280 2,758 4,564
2023 Average Home Value : $ 174,093 $ 167,714 $ 174,799
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Courtland Drive Easy St 2021 1,610 0.34 mi
Courtland Drive Easy St 2018 1,480 0.35 mi
Deal Street Parker Dr 2018 1,530 0.40 mi
Deal Street Parker Dr 2021 1,490 0.40 mi
West Oglethorpe Highway Link St 2019 33,700 0.42 mi
West Oglethorpe Highway Carter St 2021 35,500 0.42 mi
Deal St Fagan Rd 2005 3,780 0.50 mi
Courtland Dr Wexford Dr 2005 1,470 0.52 mi
South Main Street Linda Ct 2021 8,850 0.58 mi
South Main Street Linda Ct 2018 9,460 0.58 mi

Listing Broker

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