The Human Bean (GL)

8200 East State Route 69, Prescott Valley, AZ 86314

$1,636,300

Cap Rate 5.50%

Views: 105 Updated: 12.21.23 Posted: 07.30.23 Status: Inactive

Summary

Price $1,636,300	Built/Renov 1977	Tenant The Human Bean (GL)
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 600	Lease Start 10-08-2022	#Units 2
Price/SF $2,727.17	Expiration 10-31-2037	Tenant Type Fast Food/QSR
NOI $90,000	R. Term 12.11	Ownership Ground Lease
Rent/SF $150.00	Increases 4.5%/4/yrs	Pop 5Mi 55,534
Lot/AC 0.31	Options 3/5yrs/4.5%	AHHI 5Mi $79,065

Eric Carlton

Colliers NNN Group

Contact

Lease Highlights

The Human Bean has 14+ years remaining on their primary lease with 3 (5-year) options to extend
Lease features 4.5% rental increases every 5 years in primary term and option periods
Absolute NNN lease I Zero landlord responsibilities
Strong franchisee personal guaranty by Ali and Paul Wofford

Location Description

The Human Bean is strategically positioned on hard corners of N Roberts Rd, E Frontage Rd, and E Valley Rd. It is directly adjacent to State Route 69 with access to 31,499 vehicles passing per day. The subject property is located 10 miles from Downtown Prescott and within 1 mile of 700+ new luxury apartment units completed or under construction. Nearby retailers include Safeway, CVS Pharmacy,...

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Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Highway location
Low rent to sales ratio
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

The Human Bean Wikipedia The Human Bean Wikipedia Prescott Valley, Arizona Zip Code 86314 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Human Bean
Guarantor:Franchisee
Company:Ali and Paul Wofford
# Units:2
Stock:Private

About Tenant

The Human Bean is a private American coffee company and coffeehouse chain. They have over 300 locations open or under development in 29 states (approximately 175 are currently open). It is...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,377	41,392	63,693
2023 Total Population :	6,347	38,662	57,075
2023 Employed Civilian Pop :	2,992	17,362	24,357
2023 Total Businesses :	600	1,298	1,540
2023 Average Household Income :	$ 59,674	$ 82,126	$ 83,486
2023 Total Consumer Spending :	$ 144 M	$ 1155 M	$ 1784 M
2023 Median Age :	40	41	45
2023 Total Households :	2,755	16,081	24,505
2023 Pop Age 25+: Bachelor's Degree :	557	3,495	6,215
2023 Average Home Value :	$ 287,716	$ 353,710	$ 358,679

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cordes Junction-Prescott Highway	N Bob Dr	2021	35,204	0.44 mi
Cordes Junction-Prescott Highway	N Bob Dr	2018	29,226	0.44 mi
Cordes Junction-Prescott Highway	N Lake Valley Rd	2021	43,480	0.46 mi
SR 69	N Valley View Dr	2020	45,753	1.86 mi
Cordes Junction-Prescott Highway	E Onyx Dr	2021	51,975	1.86 mi
State Hwy 69	Prescott Gun Club Rd	2002	21,394	2.27 mi
SR 69	N Great Western Dr	2020	36,050	2.39 mi
Cordes Junction-Prescott Highway	Prescott Gun Club Rd	2021	26,643	2.54 mi
SR 69	Sundog Ranch Rd	2020	44,630	2.61 mi
State Hwy 69	Baker St	2002	25,383	2.98 mi

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