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Views: 166 DOM: 119 Updated: 09.12.24 Posted: 07.25.24 Status: Active

Summary

Price $1,833,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 551
Lease Start 08-14-2024
#Units 35
Price/SF $3,326.68
Expiration 08-13-2044
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 19.9
Ownership Ground Lease
Rent/SF $199.64
Increases 1.0%/1/yrs
Pop 5Mi 117,329
Lot/AC 0.95
Options 4/5yrs/1%
AHHI 5Mi $69,633

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year ground lease with 4 (5-year) options to extend
  • The lease features 1% annual rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by 7 Venture, Inc. (35+ Unit Operator)

Location Description

7 Brew is strategically located at the signalized, hard corner intersection of LPGA Boulevard and N. Williamson Boulevard, with access to a substantial combined daily traffic count of 56,400 vehicles. The property is enhanced by its proximity to the Tomoka Town Center, which ranks in the top 98th percentile among shopping centers nationwide with over 7.7 million annual visits (according to...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 4,253 59,218 129,817
2024 Total Population : 3,651 53,434 121,683
2024 Employed Civilian Pop : 1,791 24,597 53,704
2024 Total Businesses : 260 2,665 7,469
2024 Average Household Income : $ 71,341 $ 78,768 $ 79,552
2024 Total Consumer Spending : $ 111 M $ 1681 M $ 3748 M
2024 Median Age : 37 44 45
2024 Total Households : 1,761 24,070 53,167
2024 Pop Age 25+: Bachelor's Degree : 809 7,720 17,428
2024 Average Home Value : $ 390,964 $ 320,568 $ 366,322
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lpga Blvd N Clyde Morris Blvd 2008 22,550 0.17 mi
LPGA Boulevard Lpga Blvd 2022 36,000 0.20 mi
Williamson Blvd Cornerstone Blvd 2008 14,910 0.31 mi
Technology Blvd Lpga Blvd 2008 27,120 0.38 mi
Williamson Boulevard Technology Blvd 2022 12,700 0.42 mi
N Clyde Morris Blvd Lakeside Professional Blvd 2008 11,790 0.48 mi
Williamson Blvd Technology Blvd 2019 17,300 0.60 mi
I- 95 2022 2,600 0.66 mi
I- 95 2022 9,800 0.68 mi
N Clyde Morris Blvd Bill France Blvd 2008 12,700 0.71 mi

Listing Broker

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