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Views: 81 DOM: 128 Updated: 10.14.24 Posted: 07.15.24 Status: Active

Summary

Price $1,538,500
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 06-01-2024
#Units 20
Price/SF $3,016.67
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $196.08
Increases 10.0%/5/yrs
Pop 5Mi 131,935
Lot/AC 0.29
Options 6/5yrs/10%
AHHI 5Mi $73,597

Lease Highlights

  • New 2023 construction
  • New 15-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Brew Horizons (20 units backed)

Location Description

7 Brew Coffee is strategically located at the signalized, hard corner intersection of N Broadway Avenue and E University Avenue, with access to a combined daily traffic count of 27,000 vehicles. The property is situated in a university town, just 1 mile from the University of Illinois Urbana-Champaign, the flagship institution of the University of Illinois system, which enrolls 55,000...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee
  • Guarantor:Franchisee
  • Company:Brew Horizons
  • # Units:20
  • 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 : 15,768 88,958 131,179
2024 Total Population : 15,471 88,209 131,126
2024 Employed Civilian Pop : 8,573 40,390 62,378
2024 Total Businesses : 703 3,545 5,176
2024 Average Household Income : $ 58,535 $ 67,236 $ 80,334
2024 Total Consumer Spending : $ 398 M $ 2212 M $ 3980 M
2024 Median Age : 27 25 28
2024 Total Households : 7,529 36,721 55,604
2024 Pop Age 25+: Bachelor's Degree : 2,092 8,973 15,560
2024 Average Home Value : $ 209,372 $ 228,963 $ 239,597
*ESRI data is presented for informational purposes only

Listing Broker

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