7 Brew Coffee (GL)

3838 Andrews Highway, Odessa, TX 79762

$1,750,000

Cap Rate 6.00%

Views: 229 DOM: 229 Updated: 10.25.24 Posted: 04.06.24 Status: Active

Summary

Price $1,750,000	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 06-01-2023	#Units 6
Price/SF $3,431.37	Expiration 06-30-2038	Tenant Type Fast Food/QSR
NOI $105,000	R. Term 13.7	Ownership Ground Lease
Rent/SF $205.88	Increases 10.0%/4/yrs	Pop 5Mi 115,302
Lot/AC 0.55	Options 4/5yrs/10%	AHHI 5Mi $116,231

Kyle Varni

Secure Net Lease

Contact

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee recently executed a brand-new 15-year ground lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of Andrews Highway and East 42nd Street, with access to a combined daily traffic count of 56,000 vehicles. This property is situated catty-corner to the Ector County Coliseum, serving as the primary event space for sporting events, concerts, fairs, and rodeos. Additionally, it is approximately 3 miles away from The...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
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 :	12,854	75,338	126,677
2023 Total Population :	12,534	73,669	123,346
2023 Employed Civilian Pop :	5,997	35,803	60,323
2023 Total Businesses :	332	3,175	4,841
2023 Average Household Income :	$ 64,309	$ 73,428	$ 78,593
2023 Total Consumer Spending :	$ 250 M	$ 1725 M	$ 3039 M
2023 Median Age :	30	34	34
2023 Total Households :	4,408	26,853	44,163
2023 Pop Age 25+: Bachelor's Degree :	886	6,083	11,005
2023 Average Home Value :	$ 166,115	$ 223,353	$ 246,957

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Andrews Highway	W 38th St	2022	20,469	0.03 mi
Andrews Highway	W 42nd St	2020	19,485	0.03 mi
E 42nd St	N Texas Ave	2016	31,513	0.03 mi
Andrews Highway	W 42nd St	2018	24,600	0.03 mi
East 42nd Street	N Texas Ave	2022	28,060	0.03 mi
East 42nd Street (Chris Kyle Memorial Highway)	N Texas Ave	2020	27,785	0.03 mi
Andrews Highway	W 42nd St	2020	18,035	0.06 mi
Andrews Highway	W 42nd St	2019	21,733	0.06 mi
Andrews Highway	W 42nd St	2022	18,946	0.06 mi
West 42nd Street	Andrews Hwy	2022	26,430	0.07 mi

Listing Broker

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