New 7 Brew | Largest Franchisee | 15-Yr NNN 1553 Fording Island Rd

1553 Fording Island Rd , Hilton Head Island, South Carolina, 29926 | 1,335 sq.f | $ 2,615,000

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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