7 Brew Coffee

1230 North Main Street, Miami, OK 74354

$1,550,000

Cap Rate 8.06%

$1,850,000

Cap Rate 6.75%

Views: 370 DOM: 289 Updated: 09.30.24 Posted: 11.08.23 Status: Sold 08.23.24

Summary

Price $1,550,000 $1,850,000	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 8.06% 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 550	Lease Start 05-01-2024	#Units 1
Price/SF $2,818.18 $3,363.64	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $124,875	R. Term 14.3	Ownership Fee Simple
Rent/SF $227.05	Increases 10.0%/5/yrs	Pop 5Mi 17,494
Lot/AC 0.42	Options 3/5yrs/10%	AHHI 5Mi $52,838

Lease Highlights

Brand-new 2023 construction
7 Brew Coffee will sign a new 15-year lease with 4 (5-year) options to extend upon close of escrow
The lease features 10% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Personal guarantee

Location Description

This brand-new, double drive-thru 7 Brew is conveniently located on a hard corner along N. Main St./Route 66 which sees 17,300+ vehicles passing by daily. The site benefits from being surrounded by many national tenants, including Walmart, Harps, Dollar Tree, Harbor Freight Tools, Advance Auto Pats, and many others, creating a strong consumer drive to the trade area. Additionally, it benefits...

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Key Features

New construction
Hard corner intersection
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Miami, Oklahoma Zip Code 74354 Broker Site Page

Maps

Local Information

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
2028 Total Population :	7,041	13,150	16,937
2023 Total Population :	7,174	13,380	17,169
2023 Employed Civilian Pop :	3,056	5,782	7,687
2023 Total Businesses :	279	699	802
2023 Average Household Income :	$ 50,210	$ 54,070	$ 56,400
2023 Total Consumer Spending :	$ 135 M	$ 252 M	$ 336 M
2023 Median Age :	36	38	39
2023 Total Households :	3,059	5,309	6,779
2023 Pop Age 25+: Bachelor's Degree :	502	995	1,361
2023 Average Home Value :	$ 97,389	$ 117,260	$ 133,683

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
13th Avenue Northwest	N Main St	2019	10,100	0.08 mi
North Main Street	11th Ave NW	2018	15,700	0.10 mi
North Main Street	N Main St	2019	16,200	0.10 mi
West Bj Tunnell Boulevard	A St NW	2018	2,900	0.26 mi
West Bj Tunnell Boulevard	C St NW	2019	2,900	0.30 mi
Coyne Avenue	D St NW	2019	100	0.31 mi
East Street Northeast	10th Ave NE	2019	1,300	0.35 mi
East Bj Tunnel Boulevard	D St NE	2019	2,700	0.36 mi
East Street Northeast	10th Ave NE	2018	1,300	0.37 mi
D Street Northeast	E Bj Tunnell Blvd	2019	5,200	0.42 mi

Listing Broker

Hunter Steffien

Faris Lee Investments

Contact

21 Listings
4001 Views
12 Sold

Tyler Strauss

Faris Lee Investments

Contact

16 Listings
2992 Views
9 Sold

Hunter Steffien

As a Director at Faris Lee Investments, Hunter Steffien specializes in the acquisition and disposition of net leased investments with a specific focus Single Tenant Assets. Mr. Steffien hit the ground running with Faris Lee Investments by quickly becoming a top performer in the company and earning an astounding reputation amongst his clients who consist of private-office owners, developers, REITS, franchisees & corporate restaurant chains. Mr. Steffien’s early and continued success is based

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Tyler Strauss

As an Associate at Faris Lee Investments, Mr. Strauss specializes in the acquisition and disposition of single-tenant net leased investments, national portfolios and sale/leasebacks nationwide. Furthermore, Tyler specializes in creative solutions including but not limited to lease structure, development advisory, break-ups, and pre-sale strategies. In addition, his clients benefit from his financial counsel and ability to produce customized marketing programs to maximize the best outcome. Mr. S

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