About This Restaurant
Investment Highlights
New, 15-year lease | Over $2.7MM+ in guaranteed income over the base lease term | Blended CAP of 6.98%, assuming purchase at List Price 7 Ventures, Inc. has plans to open 200+ locations over the next several years | Already has 35+ sites open and operating 7 Brew is one of the fastest growing coffee chains in the U.S. with 200+ locations across 26 states | Has already sold 3,100 franchised units Absolute NNN lease | Zero Landlord responsibilities Strong guaranty with experienced and successful operators | Lease is backed by 7 Ventures, Inc., the largest 7 Brew franchisee in the country Excellent access and visibility from Fording Island Rd/U.S. Hwy 278 which boasts ?56,400 VPD
Executive Summary
? Brand-new construction asset? New, 15-year lease | Over $2.7MM+ in guaranteed income over the base lease term | Blended CAP of 6.98%, assuming purchase at List Price? Absolute NNN lease | Zero Landlord responsibilities? Strong guaranty with experienced and successful operators | Lease is backed by 7 Ventures, Inc., the largest 7 Brew franchisee in the country and is a corporate affiliate of K-Mac Enterprises, the second-largest Taco Bell franchisee in the system with 340+ units | Its affiliated companies also include Whataburger, 7-Brew, KFC, and Golden Corral ? 7 Ventures, Inc. has plans to develop and open over 200 locations (in NC, SC, GA, FL, IN, and OK) over the next several years | Already has 35+ locations open and operating? Excellent access and visibility from Fording Island Rd/U.S. Hwy 278 which boasts ?56,400 VPD? Site is walking distance to: ? Tanger Outlets Hilton Head ? Hilton Head Village | Anchored by Marshalls and Old Navy Outlet? About 1.5 miles from: ? Tanger Outlet Mall ? Hilton Head ? A Lowe?s, World Market, Big Lots, and Ross-anchored shopping center ? About 3.5 miles from a major retail corridor anchored by Walmart Supercenter, Sam?s Club, Home Depot, Target, DICK?S, Food Lion, ALDI, Best Buy, Hobby Lobby, PGA TOUR Superstore, among others? 7 Brew is one of the fastest growing coffee chains in the U.S. with 200+ locations across 26 states | The concept has already sold 3,100 franchised units, including with ?best-in-class franchisees? such as K-Mac Enterprises and Tacala Companies which are among the largest Taco Bell operators in the U.S. ? 7 Brew has an AUV of ?$2MM | Speak with Agent for details? The U.S. Coffee Market is expected to reach $28.06B in 2024 and is projected to grow at a CAGR of 3.69% annually by 2029? Affluent area | The average household income exceeds $119,900 within a 1-mile radius
Property Details
- Sale Type Investment NNN
- Sale Condition Build to Suit
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 1,335
- Building Class B
- Year Built 2024
- Price 2,615,000
- Price Per SF 1,959
- Cap Rate 6.50
- NOI 170,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 0.90 AC
Amenities
- Bus Line
- Signage
Property Taxes
Parcel Number | R600-040-00B-090A-0000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $38,990 |
Date Created: | 2024-07-16 04:23:36 | Last Updated: | 2024-07-16 04:23:36 |
Address: | 1553 Fording Island Rd , Hilton Head Island, South Carolina, 29926 |