Gravity Coffee 1525 Apache Trail

Investment Highlights

Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty 10 Percent Rental Increases Every Five Years with Multiple Renewal Options Located at the Corner of Apache Trail (Apache Junction's Primary Thoroughfare) and Ironwood Drive with a Combined 45,000 Cars per Day Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States 135,021 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA New 2023 Construction with a Drive-Thru

Executive Summary

Since its founding in 2016, Gravity Coffee has focused on revolutionizing the drive-thru coffee industry. The company has grown at a rapid rate, actively developing over 100 locations throughout Arizona, Colorado, Florida, Idaho, Nevada, Oregon, Texas, Utah, and Washington.Apache Junction is a city in Pinal and Maricopa counties in the state of Arizona, part of the Phoenix metropolitan area. The city is named for the junction of the Apache Trail and Old West Highway. As of 2020, the city's estimated population is 38,500 residents.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    750
• Year Built    2023
• Price    1,927,000
• Price Per SF    2,569
• Cap Rate    6.15
• NOI    118,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    1.19 AC