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Views: 146 DOM: 186 Updated: 09.10.24 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 Corporate
Size/SF 304
Lease Start 06-01-2024
#Units 7
Price/SF $4,986.84
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $91,000
R. Term 14.5
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 lease | Zero landlord responsibilities
  • Corporate lease with personal guarantee from principals/operators 

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:Corporate
  • Company:Grind Haus Coffee Co. LLC
  • # Units:7
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 13,995 145,401 354,353
2024 Total Population : 14,585 149,845 357,925
2024 Employed Civilian Pop : 6,286 64,742 164,184
2024 Total Businesses : 376 4,620 17,642
2024 Average Household Income : $ 65,257 $ 59,283 $ 67,838
2024 Total Consumer Spending : $ 321 M $ 2936 M $ 8555 M
2024 Median Age : 39 38 36
2024 Total Households : 5,439 54,448 139,599
2024 Pop Age 25+: Bachelor's Degree : 1,162 9,647 33,160
2024 Average Home Value : $ 237,954 $ 252,805 $ 281,988
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Saint Cloud Rd 2013 6,161 0.02 mi
Saint Cloud Rd 2010 6,210 0.11 mi
Saint Cloud Rd 2011 12,557 0.12 mi
Saint Cloud Rd 2005 14,340 0.18 mi
N General McMullen Dr Wake Forest Dr 2006 18,524 0.23 mi
W Woodlawn Ave Morning Glory 2013 4,786 0.24 mi
Stonegate Dr Marquette Dr 2009 1,823 0.24 mi
Wake Forest Dr Marquette Dr 2009 1,095 0.25 mi
Morning Glory W Huisache Ave 2011 990 0.28 mi
W Woodlawn Ave Duke Ave 2013 5,063 0.31 mi

Listing Broker

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