loader
Join Free
Views: 244 DOM: 128 Updated: 10.09.24 Posted: 08.15.24 Status: Active

Summary

Price $1,538,000
Built/Renov 2023
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 14.5
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 28,862
Lot/AC 0.62
Options 6/5yrs/10%
AHHI 5Mi $78,294

Lease Highlights

  • 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
  • Lease guaranteed by Brew Horizons LLC (25 units backed)

Location Description

7 Brew is strategically located near the signalized, hard-corner intersection of State Hwy 13 and Williamson County Pkwy, a major retail thoroughfare with access to a combined daily traffic count of 35,200 vehicles. The property is conveniently situated directly across from Illinois Star Centre Mall, one of Marion’s largest shopping centers, featuring well-known national tenants such as...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Horizons LLC
  • # Units:25
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,126 17,591 22,278
2024 Total Population : 7,195 17,659 22,333
2024 Employed Civilian Pop : 3,123 7,969 10,396
2024 Total Businesses : 632 1,176 1,432
2024 Average Household Income : $ 71,953 $ 86,883 $ 91,679
2024 Total Consumer Spending : $ 218 M $ 624 M $ 813 M
2024 Median Age : 40 42 43
2024 Total Households : 3,373 8,043 9,970
2024 Pop Age 25+: Bachelor's Degree : 888 2,260 2,814
2024 Average Home Value : $ 159,167 $ 221,373 $ 235,588
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Main St S Russell St 2011 12,700 0.01 mi
W Main St N Fozzard St 2001 13,700 0.03 mi
N Russell St Dewey St 2012 5,400 0.03 mi
S Russell St W End St 2012 4,350 0.05 mi
W Main St N Pine St 2012 12,000 0.12 mi
W Dewey St N Pine St 2011 100 0.13 mi
W Cherry St Dogwood Ln 2011 250 0.14 mi
N Russell St W Faust St 2012 5,800 0.15 mi
W Main St S Bentley St 2001 10,000 0.17 mi
W Faust St N Pine St 2011 125 0.18 mi

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