7 Brew Coffee (GL)

2001 East Main Street, Springfield, OH 45503

$1,385,000

Cap Rate 6.50%

Views: 95 DOM: 120 Updated: 10.11.24 Posted: 08.05.24 Status: Active

Summary

Price $1,385,000	Built/Renov 2024	Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 07-15-2024	#Units 50
Price/SF $2,715.69	Expiration 07-14-2039	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 14.7	Ownership Ground Lease
Rent/SF $176.47	Increases 10.0%/5/yrs	Pop 5Mi 79,444
Lot/AC 0.47	Options 3/5yrs/10%	AHHI 5Mi $70,249

Lease Highlights

Brand new 2024 construction
New 15-year ground lease with 3 (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 Brew Crew/ Brew Team (50 units)

Location Description

7 Brew is strategically located at the signalized, hard-corner intersection of E Main St and N Belmont Ave, a major retail thoroughfare with access to a combined daily traffic count of 30,500 vehicles. The property is adjacent to a Save-A-Lot grocery-anchored center featuring well-known national tenants, including Family Dollar, Wingstop, H&R Block, and more. Additionally, it is situated near...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Strong tenant synergy
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
50+ unit franchisee backed

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Links

7 Brew Coffee Wikipedia Springfield, Ohio Zip Code 45503 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:Brew Crew/ Brew Team
# Units:50
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
2029 Total Population :	11,587	57,680	78,571
2024 Total Population :	11,710	58,153	79,383
2024 Employed Civilian Pop :	5,347	25,817	35,375
2024 Total Businesses :	341	1,844	2,583
2024 Average Household Income :	$ 59,381	$ 63,101	$ 68,526
2024 Total Consumer Spending :	$ 265 M	$ 1371 M	$ 2036 M
2024 Median Age :	38	38	41
2024 Total Households :	4,973	24,297	33,388
2024 Pop Age 25+: Bachelor's Degree :	474	4,129	6,381
2024 Average Home Value :	$ 117,592	$ 170,188	$ 185,195

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Belmont Avenue	E High St	2021	8,458	0.07 mi
East Main Street	N Douglas Ave	2021	19,739	0.08 mi
E High St	S Belmont Ave	2016	9,454	0.13 mi
E High St	S Arlington Ave	2005	10,390	0.15 mi
E HIGH ST	Hubert Ave	2020	9,135	0.17 mi
East Main Street	S Aly	2021	17,451	0.18 mi
S CLAIRMONT AVE	E High St	2020	1,526	0.20 mi
N CLAIRMONT AVE	E Main St	2020	845	0.22 mi
S BELMONT AVE	Kenilworth Ave	2020	5,903	0.23 mi
Mound Street	Saint George Pl	2021	908	0.30 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
47891 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
43703 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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