7 Brew Coffee (GL)

44 Eglin Parkway Northeast, Fort Walton Beach, FL 32548

$1,709,090

Cap Rate 5.50%

Views: 74 DOM: 95 Updated: 11.08.24 Posted: 09.17.24 Status: Active

Summary

Price $1,709,090	Built/Renov 2014/2024	Tenant 7 Brew Coffee (GL)
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,640	Lease Start 07-25-2024	#Units 1
Price/SF $1,042.13	Expiration 07-24-2039	Tenant Type Fast Food/QSR
NOI $94,000	R. Term 14.7	Ownership Ground Lease
Rent/SF $57.32	Increases 10.0%/5/yrs	Pop 5Mi 76,369
Lot/AC 0.38	Options 3/5yrs/10%	AHHI 5Mi $90,800

Lease Highlights

Brand 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
Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located at the hard corner intersection of Eglin Parkway NE and McGriff Street NE, with access to a combined daily traffic count of 40,673 vehicles. This prime location connects the largest Air Force Base in the world to U.S. Highway 98 and the coast. The immediate area features prominent national tenants, including Family Dollar, State Farm, Midas, H&R Block,...

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Key Features

Recent renovation
Hard corner intersection
Dense retail corridor
Near major nationals
Affluent suburb location
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Fort Walton Beach, Florida Zip Code 32548 Broker Site Page Drone Video

Maps

Local Information

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

Luke Wakefield

Sands Investment Group

Contact

3 Listings
257 Views
1 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8321 Views
28 Sold

Luke Wakefield

Real estate investment professional.

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Liam Rowan

Sands Investment Group

Contact

3 Listings
257 Views
1 Sold

Liam Rowan

Sands Investment Group specializes in the buying and selling of investment properties for private institutions and investors nationwide. Our brokers are experts in their product type, from restaurants to retail and everything in between. Our company of distinguished experts in all aspects of investment properties bring a proven track record to the table with over 4,100+ transactions in 48 states and $8.0 Billion in commercial real estate transactions—and counting.

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