7 Brew Coffee (GL)

1637 North Memorial Drive, Lancaster, OH 43130

$1,385,000

Cap Rate 6.50%

Views: 274 DOM: 378 Updated: 08.12.24 Posted: 11.09.23 Status: Contract 08.12.24

Summary

Price $1,385,000	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 530	Lease Start 11-01-2023	#Units 2
Price/SF $2,613.21	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 13.11	Ownership Ground Lease
Rent/SF $169.81	Increases 10.0%/6/yrs	Pop 5Mi 52,324
Lot/AC 0.38	Options 1/10yrs/10%	AHHI 5Mi $80,006

Lease Highlights

Brand-new 2023 construction
7-Brew Coffee recently signed a brand-new 15-year ground lease with 1 (10-year) and 1 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and each option
Absolute NNN | Zero landlord responsibilities
Lease is backed by the Motley 7 Brew, LLC which currently has 2 stores open and operating with an additional two sites set to open by year-end | Plan to have 15+ units open by the end of 2024 and are obligated to open at least 60 units

Location Description

7 Brew Coffee is strategically located on North Memorial Drive, providing excellent access and visibility to 25,750 vehicles passing by daily. The property is an outparcel within the Hocking Valley shopping center, which is anchored by Kroger, Home Goods, and PetSmart. Additionally, in close proximity, is the River Valley Mall and Lancaster Plaza, featuring more well-known national retailers...

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Key Features

New construction
New prototype
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Lancaster, Ohio Zip Code 43130 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:Motley 7 Brew, LLC
# Units:2
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 :	7,946	43,574	53,588
2023 Total Population :	7,762	42,442	52,324
2023 Employed Civilian Pop :	3,427	19,280	23,567
2023 Total Businesses :	385	1,604	1,910
2023 Average Household Income :	$ 67,725	$ 73,124	$ 80,006
2023 Total Consumer Spending :	$ 198 M	$ 1146 M	$ 1512 M
2023 Median Age :	41	41	42
2023 Total Households :	3,329	17,864	21,622
2023 Pop Age 25+: Bachelor's Degree :	670	4,160	5,633
2023 Average Home Value :	$ 213,217	$ 232,985	$ 258,903

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Pierce Avenue	N Pierce Ave	2021	6,815	0.24 mi
N Memorial Dr	Pierce Ave	2018	27,143	0.26 mi
North Columbus Street	Nelson	2021	11,250	0.27 mi
N Columbus St	Neosa	2019	9,419	0.35 mi
MEMORIAL DR	Plaza Way	2021	27,827	0.36 mi
Baltimore Rd NW	N Columbus St	2018	6,276	0.41 mi
GOODWIN AVE	Fair N	2021	124	0.44 mi
GOODWIN AVE		2020	116	0.44 mi
N Memorial Dr	PkSt	2014	32,336	0.44 mi
N Pierce Ave	Fair N	2008	10,387	0.45 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27471 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28479 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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