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Views: 120 Updated: 03.26.24 Posted: 10.17.23 Status: Inactive

Summary

Price $2,095,000
Built/Renov 2023
Tenant The Human Bean
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 573
Lease Start 04-01-2024
#Units 300
Price/SF $3,656.20
Expiration 03-31-2044
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 19.3
Ownership Fee Simple
Rent/SF $191.97
Increases 10.0%/5/yrs
Pop 5Mi 433,837
Lot/AC 0.44
Options 0/0yrs
AHHI 5Mi $88,733

Lease Highlights

  • Brand-new 2023 construction
  • The Human Being recently signed a brand-new 20 year lease with no options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Black Jack Coffee, LLC
  • Income tax free state

Location Description

The Human Bean is situated on the signalized, hard corner intersection of W, Cheyenne Ave. and Torrey Pines Drive, which sees a combined daily traffic count of 52,000 vehicles. The site is ideally positioned just blocks away from Cheyenne Commons, a community center that’s home to Walmart, Floor & Decor, Ross, Goodwill, and more. Additionally, there are several national/credit tenants in the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: The Human Bean
  • Guarantor:Franchisee
  • Company:Black Jack Coffee, LLC
  • # Units:300
  • 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 : 22,386 182,714 442,644
2023 Total Population : 22,253 178,480 433,837
2023 Employed Civilian Pop : 10,550 84,661 200,557
2023 Total Businesses : 485 4,845 11,415
2023 Average Household Income : $ 71,101 $ 81,945 $ 88,733
2023 Total Consumer Spending : $ 526 M $ 4844 M $ 12374 M
2023 Median Age : 37 39 39
2023 Total Households : 8,510 67,991 160,905
2023 Pop Age 25+: Bachelor's Degree : 2,420 18,851 49,774
2023 Average Home Value : $ 422,839 $ 398,412 $ 421,825
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Cheyenne Ave N Sisk St 2013 35,963 0.03 mi
North Torrey Pines Drive W Cheyenne Ave 2018 47,475 0.04 mi
N Torrey Pines Dr W Cheyenne Ave 2013 5,175 0.05 mi
N Torrey Pines Dr W Cheyenne Ave 2013 5,175 0.10 mi
W Brooks Ave N Torrey Pines Dr 2009 929 0.27 mi
W Heather Mist Ln N Fern Hollow Ct 2009 484 0.31 mi
W Brooks Ave N Maverick St 2009 775 0.34 mi
N Whispering Willow Ln W Heather Mist Ln 2009 394 0.34 mi
N Whispering Willow Ln W Blossom Knoll Ave 2009 394 0.36 mi
W Cheyenne Ave N Rainbow Blvd 2017 42,525 0.37 mi

Listing Broker

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