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Views: 101 DOM: 81 Updated: 06.19.24 Posted: 06.19.24 Status: Active

Summary

Price $1,516,000
Built/Renov 2024
Tenant Brevity Coffee (GL)
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 304
Lease Start 06-01-2024
#Units 1
Price/SF $4,986.84
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $91,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $299.34
Increases 1.5%/1/yrs
Pop 5Mi 357,783
Lot/AC 0.38
Options 2/5yrs/3%
AHHI 5Mi $65,858

Lease Highlights

  • Brand-new 15-year ground lease with 2 (5-year) options to extend
  • The lease features 1.5% annual rental escalations throughout the initial term and 3% at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Grind Haus Coffee Co. LLC

Location Description

Brevity Coffee is strategically located on St. Cloud Rd, with access to 8,700 vehicles passing by daily. The property is across the street from James Madison Elementary School, which has about 650 students. Additionally, it is conveniently positioned close to St. Mary’s University, which has over 2,000 students, and less than a mile from a Walmart Supercenter. The immediate area is surrounded...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Brevity Coffee
  • Guarantor:Franchisee
  • Company:Grind Haus Coffee Co. LLC
  • # Units:1
  • Stock:Private

About Tenant

Brevity Coffee Co. is a drive-through coffee shop that was established in San Antonio, Texas in 2019 by coffee-industry veterans Kharis, Nick, Brittany, and Fred Corpening. The shop was using...


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