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Views: 509 DOM: 144 Updated: 11.18.24 Posted: 07.30.24 Status: Active

Summary

Price $1,846,000
Built/Renov 2024
Tenant 7 Brew Coffee (GL)
Cap Rate 6.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 03-24-2024
#Units 62
Price/SF $3,619.61
Expiration 03-18-2039
Tenant Type Fast Food/QSR
NOI $113,500
R. Term 14.3
Ownership Ground Lease
Rent/SF $222.55
Increases 10.0%/5/yrs
Pop 5Mi 129,404
Lot/AC 0.71
Options 4/5yrs/10%
AHHI 5Mi $87,866

Lease Highlights

  • Brand new 2024 construction
  • 7 Brew Coffee has 14+ years remaining on the current ground lease term with 4 (%-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease personally guaranteed by the largest 7 Brew Franchisee with over 62 locations (Brew Crew, LLC)

Location Description

7 Brew Coffee is strategically located at the signalized hard corner of Preston Highway and Maple Spring Drive, with access to a combined daily traffic count of 40,229 vehicles. The property is positioned as the only parcel along Preston Highway with direct access, a feature that is exceptionally rare for this limited-access highway. The immediate area boasts well-known national tenants...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Team KY, LLC
  • # Units:62
  • 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 : 8,939 63,209 128,825
2024 Total Population : 8,922 62,616 127,348
2024 Employed Civilian Pop : 4,748 31,281 64,597
2024 Total Businesses : 280 1,480 3,350
2024 Average Household Income : $ 93,332 $ 88,732 $ 88,743
2024 Total Consumer Spending : $ 296 M $ 1906 M $ 3918 M
2024 Median Age : 36 38 39
2024 Total Households : 3,615 24,300 49,949
2024 Pop Age 25+: Bachelor's Degree : 1,202 6,798 14,151
2024 Average Home Value : $ 292,371 $ 245,350 $ 259,122
*ESRI data is presented for informational purposes only

Listing Broker

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