7 Brew Coffee

5117 Essen Lane, Baton Rouge, LA 70809

$2,801,200

Cap Rate 7.00%

Views: 152 DOM: 288 Updated: 10.14.24 Posted: 02.09.24 Status: Contract 03.20.24

Summary

Price $2,801,200	Built/Renov 2023	Tenant 7 Brew Coffee
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 08-11-2022	#Units 1
Price/SF $5,492.55	Expiration 12-31-2037	Tenant Type Fast Food/QSR
NOI $196,082	R. Term 13.1	Ownership Fee Simple
Rent/SF $384.47	Increases 8.5%/4/yrs	Pop 5Mi 201,978
Lot/AC 0.60	Options 6/5yrs/10%	AHHI 5Mi $91,231

Lease Highlights

7-Brew Coffee 13+ years remaining on the current lease term with 6 (5-year) options to extend
The lease features a 8.5% rental increase starting year 6, and 10% every 5 years after including each option period
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

7 Brew Coffee is strategically located on Essen Lane, with access to 21,826 vehicles passing by daily. The property is surrounded by well-known national tenants, including Wendy's, McDonald's, Walgreens, Albertsons, and more. Additionally, it is situated in a large medical corridor and across the street from Our Lady of the Lake Regional Medical Center, which is the largest hospital in the...

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Key Features

New construction
Near major nationals
Strategically located
Freeway close
Hospital close
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

7 Brew Coffee Wikipedia Baton Rouge, Louisiana Zip Code 70809 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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Listing Broker

Ian Schroeder

CBRE: NLPG Newport

Contact

18 Listings
2461 Views
2 Sold

Melissa Ley Marshall

CBRE: NLPG Newport

Contact

18 Listings
2461 Views
2 Sold

Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

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Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

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