loader
Join Free
Views: 348 DOM: 108 Updated: 11.06.24 Posted: 08.17.24 Status: Active

Summary

Price $1,538,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 06-01-2024
#Units 25
Price/SF $3,015.69
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 18,996
Lot/AC 0.87
Options 6/5yrs/10%
AHHI 5Mi $75,905

Lease Highlights

  • Brand new 2024 construction
  • 7 Brew Coffee has 14+ years remaining on the current ground lease term with 6 (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
  • Strong guarantee with experienced and successful operators | Lease is backed by Brew Horizons LLC, a 25-unit franchisee who has invested $40MM thus far into the business with $150MM equity commitment from investors

Location Description

7 Brew Coffee is strategically located near the signalized, hard corner intersection of Broadway Street and S 42nd Street, with access to a combined daily traffic count of 37,160 vehicles. The property is an outparcel to Times Square Mall, home to well-known national tenants such as Hobby Lobby, Ross, Big Lots, Hibbett Sports, Dunham’s Sports, Bath & Body Works, and more. Additionally, it is...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,911 14,172 18,556
2024 Total Population : 4,009 14,489 18,996
2024 Employed Civilian Pop : 1,933 6,407 8,689
2024 Total Businesses : 389 1,166 1,283
2024 Average Household Income : $ 76,210 $ 73,578 $ 75,905
2024 Total Consumer Spending : $ 137 M $ 418 M $ 559 M
2024 Median Age : 47 40 41
2024 Total Households : 2,033 6,351 8,218
2024 Pop Age 25+: Bachelor's Degree : 570 1,291 1,810
2024 Average Home Value : $ 181,981 $ 142,789 $ 150,727
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity