7 Brew 410 S 26th St

Investment Highlights

Colorado Springs was ranked the #1 ?Most Desirable Place to Live in the U.S.? in 2022 by U.S. News New 15-year lease with 10% rent bumps Signalized hard corner along US Highway 24 (40,998 VPD) No landlord responsibilities ? Ground Lease New construction Proximity to Interstate 25 (140,019 VPD)

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased 7 Brew located in Colorado Springs, Colorado. The property was recently constructed for 7 Brew?s tenancy which will span across a 15-year lease that commences in December 2023. The lease features 10% rental escalations throughout the primary term and six 5-year renewal options. Additionally, there are no landlord responsibilities, and the lease comes with a personal guaranty from the franchisee. The store is expected to open in early 2024. The building benefits from its hard corner position along East Platte Avenue, which experiences over 34,300 vehicles per day. 7 Brew?s new location is conveniently situated within walking distance of the US Olympic & Paralympic Training Facility as well as UCHealth Memorial Hospital, a 485-bed acute care facility. Both draw considerable traffic through the corridor. Additionally, there is a dense population of 272,400 people that live within a five-mile radius and earn an average household income of $83,546. Neighboring retailers include Walgreens, Starbucks, Dutch Bros, Taco Bell, Kum & Go, and several others.7 Brew Coffee is a privately owned company with over 150 locations in only six years of operation and that number is rapidly expanding with nearly 3,000 units sold to franchisees. The company?s headquarters is located in Fayetteville, Arkansas. 7Brew was born from the desire to change drive-thru coffee into a fun, mind-blowing experience for everyone, serving premium coffee in record time. They are changing the drive-thru coffee industry one drink at a time.

• Sale Type    Investment NNN
• Sale Condition    Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    510
• Building Class    B
• Year Built    2023
• Price    2,904,348
• Price Per SF    5,695
• Cap Rate    5.75
• NOI    167,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    0.71 AC

• Signalized Intersection
• Drive Thru