7 Brew Coffee (GL)

800 North 14th Street, Leesburg, FL 34748

$1,750,000

Cap Rate 6.00%

Views: 576 DOM: 202 Updated: 09.12.24 Posted: 05.03.24 Status: Active

Summary

Price $1,750,000	Built/Renov 1948/2024	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 02-15-2024	#Units 1
Price/SF $3,431.37	Expiration 01-31-2039	Tenant Type Fast Food/QSR
NOI $105,000	R. Term 14.2	Ownership Ground Lease
Rent/SF $205.88	Increases 7.5%/5/yrs	Pop 5Mi 56,085
Lot/AC 0.97	Options 4/5yrs/7.5%	AHHI 5Mi $74,474

Lease Highlights

7 Brew Coffee recently executed a brand new 15-year ground lease with 4 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by 7 Crew Florida, LLC

Location Description

7 Brew Coffee is strategically located on North 14th Street, with access to 34,700 vehicles passing by daily. The property is situated directly across the street from a Publix anchored center and is surrounded by well-known national tenants including Big Lots, Bealls, McDonald’s, AutoZone, O’Reilly Auto Parts, Family Dollar, and more. Furthermore, the site benefits from close proximity to UF...

...

Key Features

Recent renovation
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee

...

Links

7 Brew Coffee Wikipedia Leesburg, Florida Zip Code 34748 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7 Crew Florida, LLC
# Units:1
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
2028 Total Population :	7,627	27,801	56,474
2023 Total Population :	7,636	27,632	56,085
2023 Employed Civilian Pop :	3,352	11,250	21,081
2023 Total Businesses :	713	1,647	2,234
2023 Average Household Income :	$ 61,175	$ 61,619	$ 74,474
2023 Total Consumer Spending :	$ 167 M	$ 620 M	$ 1629 M
2023 Median Age :	40	48	53
2023 Total Households :	3,099	11,411	24,906
2023 Pop Age 25+: Bachelor's Degree :	429	2,508	7,024
2023 Average Home Value :	$ 244,990	$ 253,277	$ 288,996

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N 14th St	Sunshine Ave	2012	23,500	0.04 mi
14th Street	Sunshine Ave	2021	21,600	0.06 mi
14th Street	Center St	2022	21,500	0.06 mi
North Blvd W	Newman Dr	2012	29,547	0.29 mi
North Boulevard	Perkins St	2022	30,500	0.31 mi
North Boulevard	Marion St	2022	40,500	0.34 mi
N 14th St	Center St	2012	24,500	0.35 mi
North Blvd W	Marion St	2012	33,000	0.37 mi
North Blvd W	Perkins St	2012	25,500	0.37 mi
14th Street	North Blvd W	2022	40,000	0.40 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
42227 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
46336 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

...

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

...

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