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Views: 166 DOM: 105 Updated: 11.11.24 Posted: 08.08.24 Status: Active

Summary

Price $2,852,738
Built/Renov 2000
Tenant 7 Brew Coffee
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 530
Lease Start 11-03-2023
#Units 1
Price/SF $5,382.52
Expiration 11-03-2043
Tenant Type Fast Food/QSR
NOI $185,427
R. Term 18.11
Ownership Fee Simple
Rent/SF $349.86
Increases 10.0%/5/yrs
Pop 5Mi 170,459
Lot/AC 0.61
Options 4/5yrs/10%
AHHI 5Mi $70,632

Lease Highlights

  • 7 Brew Coffee has 18+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of Beltline Boulevard and Forest Drive, benefiting from a robust combined daily traffic count of 50,805 vehicles. The property is situated across from Kroger, Columbia Art School, Walgreens, Verizon Wireless, Ace Hardware, and Firestone. Key community educational institutions in the vicinity include Dreher High...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Franchisee
  • # 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,834 85,872 175,591
2024 Total Population : 8,683 84,621 173,096
2024 Employed Civilian Pop : 4,237 39,335 81,544
2024 Total Businesses : 498 5,773 9,335
2024 Average Household Income : $ 126,618 $ 98,270 $ 85,346
2024 Total Consumer Spending : $ 495 M $ 3061 M $ 5590 M
2024 Median Age : 43 33 32
2024 Total Households : 4,493 35,229 73,590
2024 Pop Age 25+: Bachelor's Degree : 2,436 15,253 27,265
2024 Average Home Value : $ 411,544 $ 379,005 $ 338,333
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Brentwood Drive Forest Dr 2022 1,250 0.51 mi
East Buchanan Drive N Beltline Blvd 2022 2,100 0.55 mi
Glenwood Road Stratford Rd 2022 5,100 0.60 mi
Trenholm Road Adger Rd 2022 11,000 0.71 mi
Atascadero Drive Forest Dr 2022 4,700 0.75 mi
Forest Drive Idalia Dr 2021 25,200 0.76 mi
Forest Drive Bernardin Ave 2022 26,300 0.76 mi
Harrison Road Putnam St 2022 1,500 0.78 mi
Butler Street Longleaf Rd 2022 950 0.80 mi
Covenant Road N Beltline Blvd 2022 4,300 0.88 mi

Listing Broker

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