About This Restaurant
Investment Highlights
A 2023 built-to-suit construction 7 Brew with 10+ car stacking drive-thru on a brand new, 15-year lease The lease features a 15 year primary term with four, 5-year options and 10% rental increases every 5 years during the primary term and option periods, The lease is an absolute NNN ground lease making this a passive investment opportunity for a hands-off investor 7 Brew is an emerging drive-thru coffee brand based in Arkansas with over 200 locations and a recently announced growth equity investment from Blackst
Executive Summary
Brand new, 15-year leased coffee QSR with double drive-thru. This drive-thru 7 Brew features an absolute NNN ground lease with 15 years remaining in the primary term. The subject property is located along US Hwy 285 (24,663 VPD) adjacent to Adams State University in a strong retail trade area with many national retailers, including Walmart Supercenter, Tractor Supply Co, McDonald?s, and more.
Property Details
- Sale Type Investment NNN
- Sale Condition Lease Option
- Property Type Retail
- Property Subtype Fast Food
- Building Size 530
- Year Built 2023
- Price 1,458,333
- Price Per SF 2,752
- Cap Rate 6
- NOI 87,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 0.50 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
Parcel Number | 541304323001 | Improvements Assessment | $59,795 |
Land Assessment | $80,841 | Total Assessment | $140,636 |
Date Created: | 2024-07-16 04:09:26 | Last Updated: | 2024-07-16 04:09:26 |
Address: | 2209 Main St , Alamosa, Colorado, 81101 |