7 Brew Coffee (GL)

4331 Wyoming Boulevard Northeast, Albuquerque, NM 87109

$1,700,000

Cap Rate 6.00%

Views: 52 DOM: 43 Updated: 10.30.24 Posted: 10.09.24 Status: Active

Summary

Price $1,700,000	Built/Renov 2024	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 12-01-2024	#Units 7
Price/SF $3,333.33	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $102,000	R. Term 15.1	Ownership Ground Lease
Rent/SF $200.00	Increases 10.0%/5/yrs	Pop 5Mi 299,465
Lot/AC 0.73	Options 4/5yrs/10%	AHHI 5Mi $82,607

Marvin DeLaura

Fortis Net Lease

Contact

Lease Highlights

Brand new 2024 construction
Brand new 15-year ground lease with 4 (5-year) options to extend upon close of escrow
The lease features 10% rental increases every 5 years throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Franchisee is a 26 year multi-concept operator | Currently operates seven 7 Brew locations with an agreement to develop and operate 70+ over the next several years

Location Description

7 Brew Coffee is strategically located on Wyoming Boulevard NE, with access to 39,014 vehicles passing by daily. The property is surrounded by prominent national tenants such as Target, CVS Pharmacy, Slim Chickens, McDonald's, Wells Fargo, and more. Key educational institutions in the vicinity include S. Y. Jackson Elementary School, Sandia Base Elementary School, and Seven Bar Elementary...

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Key Features

New construction
Near major nationals
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

7 Brew Coffee Wikipedia Albuquerque, New Mexico Zip Code 87109 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7B New Mexico, LLC
# Units:7
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

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