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Views: 44 DOM: 52 Updated: 07.18.24 Posted: 07.18.24 Status: Active

Summary

Price $1,538,500
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 550
Lease Start 08-01-2024
#Units 1
Price/SF $2,797.27
Expiration 08-01-2039
Tenant Type Fast Food/QSR
NOI $90,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $163.64
Increases 10.0%/5/yrs
Pop 5Mi 90,285
Lot/AC 0.69
Options 5/5yrs/10%
AHHI 5Mi $123,084

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year ground lease with 5 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Tyler-Longview 7 Brew LLC

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of East Ovilla Road and Hickory Creek Drive, with access to a combined daily traffic count of 20,028 vehicles. The property is positioned just 1 mile from the Google and Compass Datacenters, 1.5 miles from Red Oak High School (enrolling 2,160 students), and less than 2 miles from Texas State Technical College,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • 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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Listing Broker

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