7 Brew - New 15 Year Abs-Net Lease 8023 Cantrell Rd

Investment Highlights

Absolute-Net (Zero Landlord Responsibilities): Brand New 15 Year Lease with 10% Rental Increases Every 5 Years Including the Three, 5 Year Options. Excellent Visibility and Access: Situated Along Cantrell Road (37,600+ VPD) a Heavily Traversed Roadway with Significant traffic flow. One Block from Sizable Office Building: The Pavilion in the Park Office Building encompasses over 67,000 square feet and accommodates 50-60 office spa Fast Growing Coffee Chain: 7 Brew, headquartered in Fayetteville, AR, operates a network of more than 50 locations spanning across 14 states. This Ext Adjacent to Large Apartment Building: 7 Brew is Conveniently Located within Easy Walking Distance of ReNew Apartments Which has 140 Apartment Units.

Executive Summary

The Deltondo Team from Marcus & Millichap is delighted to offer for sale 7 Brew in Little Rock, AR. Seven Brew is operating under a brand new 15-year lease, featuring 10% rental increases every 5 years, along with three additional 5-year options to extend the lease term. Situated along Cantrell Road, this particular location benefits from prime frontage, providing excellent visibility to a significant daily traffic volume of over 37,600 vehicles. The franchisee partnership boasts an impressive track record of over 40 years in the multi-unit franchise industry, successfully owning and managing more than 150 stores. With their extensive experience, the franchisee currently oversees more than ten 7 Brew locations, including the top-performing store within the entire system. By the conclusion of summer 2023, the franchisee plans to have six 7 Brew locations operating in the Little Rock MSA, solidifying their dominance in the drive-thru beverage market.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    600
• Building Class    B
• Year Built    2023
• Price    1,824,000
• Price Per SF    3,040
• Cap Rate    6.25
• NOI    114,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    0.89 AC