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7 Brew Coffee

308 South Tillotson Avenue, Muncie, IN 47304

$1,675,500

Cap Rate 6.50%

Views: 68 DOM: 59 Updated: 10.20.24 Posted: 10.05.24 Status: Active

Summary

Price $1,675,500
Built/Renov 2023
Tenant 7 Brew Coffee
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 529
Lease Start 02-10-2024
#Units 37
Price/SF $3,167.30
Expiration 02-09-2044
Tenant Type Fast Food/QSR
NOI $108,832
R. Term 19.2
Ownership Fee Simple
Rent/SF $205.73
Increases 1.0%/1/yrs
Pop 5Mi 86,218
Lot/AC 0.32
Options 4/5yrs/1%
AHHI 5Mi $63,834

Nathan Whalen
Marcus & Millichap
Contact

Jeremie Johnson
Marcus & Millichap
Contact

Lease Highlights

  • New 2023 construction
  • 7 Brew Coffee has 19+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 1% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by 7Venture, Inc. (37 units backed)

Location Description

7 Brew is strategically located on S Tillotson Avenue, with access to 7,504 vehicles passing by daily. The property is conveniently positioned just 0.6 miles from Ball State University, which has an enrollment of over 20,440 students. McDonald’s and CVS are situated directly across the street, while the surrounding area is home to major national retailers such as Kroger, Pay Less, Starbucks,...

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Key Features

  • New construction

  • Near major nationals

  • Strategically located

  • University college close

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Annual rent increases

  • 25+ unit franchisee backed

    • ...

Links

7 Brew Coffee Wikipedia Muncie, Indiana Zip Code 47304 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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