7 Brew Coffee (GL)

2730 Southwest Parkway, Wichita Falls, TX 76308

$1,875,000

Cap Rate 6.00%

Views: 327 DOM: 231 Updated: 09.13.24 Posted: 04.06.24 Status: Active

Summary

Price $1,875,000	Built/Renov 2023	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 07-01-2024	#Units 6
Price/SF $3,676.47	Expiration 06-30-2039	Tenant Type Fast Food/QSR
NOI $112,500	R. Term 14.7	Ownership Ground Lease
Rent/SF $220.59	Increases 10.0%/5/yrs	Pop 5Mi 78,175
Lot/AC 0.47	Options 4/5yrs/10%	AHHI 5Mi $85,982

Kyle Varni

Secure Net Lease

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Lease Highlights

Brand-new 2023 construction
7 Brew Coffee will be executing a brand-new 14+ year ground lease with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by 7Crew Enterprises, LLC

Location Description

7 Brew Coffee strategically located at the signalized, hard corner intersection of Southwest Parkway and Kemp Blvd., with access to a combined daily traffic count of 48,600 vehicles. The property is conveniently situated less than 1 mile from Sikes Senter Mall, a 670,000 square foot shopping destination offering a variety of retail shops and an AMC movie theater. This prime location is...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Shopping Ctr out-parcel
Affluent suburb location
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Wichita Falls, Texas Zip Code 76308 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7Crew Enterprises, LLC
# Units:6
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 :	8,671	56,020	77,903
2023 Total Population :	8,762	56,457	78,398
2023 Employed Civilian Pop :	4,485	27,964	37,214
2023 Total Businesses :	572	2,214	3,798
2023 Average Household Income :	$ 87,601	$ 89,362	$ 84,643
2023 Total Consumer Spending :	$ 289 M	$ 1819 M	$ 2346 M
2023 Median Age :	38	37	37
2023 Total Households :	3,799	23,462	31,873
2023 Pop Age 25+: Bachelor's Degree :	1,406	8,066	9,965
2023 Average Home Value :	$ 222,567	$ 200,208	$ 188,031

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
FM 369	Kemp Blvd	2022	22,362	0.02 mi
Southwest Pkwy	Kemp Blvd	2010	25,480	0.03 mi
Cunningham Dr	Kemp Blvd	2010	640	0.09 mi
Southwest Parkway	Kemp Blvd	2022	19,546	0.10 mi
Southwest Pkwy	Kemp Blvd	2014	21,054	0.12 mi
Elmwood Ave N	Mallard Dr	2010	1,630	0.13 mi
Kemp Boulevard	Southwest Pkwy	2022	9,353	0.16 mi
Stearns Ave	Rugeley St	2010	1,080	0.17 mi
	Stearns Ave	2022	15,042	0.19 mi
Darwin Dr	Royal Oak St	2010	1,280	0.22 mi

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