7 Brew Coffee (GL)

3314 West Loop 250 North, Midland, TX 79707

$1,633,500

Cap Rate 6.00%

Views: 227 DOM: 141 Updated: 09.07.24 Posted: 04.19.24 Status: Sold 09.07.24

Summary

Price $1,633,500	Built/Renov 2024	Tenant 7 Brew Coffee (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 510	Lease Start 02-26-2024	#Units 6
Price/SF $3,202.94	Expiration 02-26-2039	Tenant Type Fast Food/QSR
NOI $98,000	R. Term 14.0	Ownership Ground Lease
Rent/SF $192.16	Increases 10.0%/5/yrs	Pop 5Mi 128,547
Lot/AC 0.71	Options 3/5yrs/10%	AHHI 5Mi $159,866

Kyle Varni

Secure Net Lease

Contact

Lease Highlights

Brand-new 2024 construction
7 Brew Coffee recently executed a brand-new 15-year ground else with 5 (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 7 Crew Enterprises, LLC (6 units backed)

Location Description

7 Brew Coffee strategically located on W. Loop 250, with access to a robust daily traffic count of 52,700 vehicles. The property is surrounded by well-known national tenants, including Raising Cane's, McDonald's, Burger King, Subway, and more. Additionally, it is conveniently situated across the street from Midland Park Mall, which boasts over 89 retailers. In the vicinity, notable landmarks...

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Key Features

New construction
High traffic 50M+ VPD
Near major nationals
Strategically located
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

7 Brew Coffee Wikipedia Midland, Texas Zip Code 79707 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7 Brew Coffee
Guarantor:Franchisee
Company:7 Crew 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 :	10,779	71,905	136,723
2023 Total Population :	10,563	69,836	132,040
2023 Employed Civilian Pop :	6,584	39,933	73,535
2023 Total Businesses :	468	2,375	5,280
2023 Average Household Income :	$ 113,047	$ 133,261	$ 120,137
2023 Total Consumer Spending :	$ 424 M	$ 3132 M	$ 5048 M
2023 Median Age :	37	38	36
2023 Total Households :	4,344	27,495	48,529
2023 Pop Age 25+: Bachelor's Degree :	2,462	15,447	22,988
2023 Average Home Value :	$ 359,247	$ 380,102	$ 321,355

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Midkiff Road	W Loop 250 N	2022	23,634	0.11 mi
N Midkiff Rd	Ctyard Dr	2015	18,783	0.19 mi
Caldera Blvd	N Midkiff Rd	2012	2,420	0.20 mi
Oakridge Dr	Crista Ln	2012	820	0.28 mi
Granite	Feldspar Ln	2012	180	0.35 mi
N Midkiff Rd	Bluebird Ln	2015	13,069	0.39 mi
Bluebird Ln	N Midkiff Rd	2015	3,119	0.46 mi
Northtown Pl	Whitney Dr	2012	220	0.50 mi
Bluebird Ln	Westview Dr	2012	3,180	0.50 mi
Haynes Ave	Valley Dr	2015	2,319	0.51 mi

Listing Broker

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