7 Brew | Adj. to Walmart | OPEN FEB 2024 2811 N Broadway St

Investment Highlights

New Construction, Double Drive-Thru 7 Brew Property near the Brand?s ?hometown? of Rogers, Arkansas On Broadway (10,700+ VPD), a main retail thoroughfare connecting downtown Pittsburg and Pittsburg State University Adjacent to Highway 160 (12,000 VPD) which connects Pittsburg to Interstate 49 Adjacent to Home Depot & Walmart Supercenter anchored shopping centers 2.80 miles away from Pittsburg State University Low Replaceable Rent / 4.50% Projected Rent to Sales Ratio

Executive Summary

BROKER OF RECORD: Michael Berenbom - Managing Broker - 4Lane - License #CO00000992Faris Lee Investments is pleased to present the rare opportunity to acquire a brand new, double drive-thru, long-term net leased (fee simple interest) 7 Brew property in Pittsburg, Kansas. The subject property is under construction (Opening February 2024) and will be located adjacent to both Home Depot and Walmart Supercenter anchored shopping centers. This quick-service coffee restaurant will begin a fresh 15+ year lease with 10% rental increases occurring every 5 years of the lease term at the close of escrow. This brand new 7 Brew property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for a high-performing QSR tenant with a strong brand identity.The subject property is located on the main retail thoroughfare (Broadway Street) in Pittsburg KS. This 7 Brew location is positioned to benefit from the customer synergy and vehicle traffic Walmart Supercenter and Home Depot both create for the immediate trade area. Additionally, the double drive-thru building prototype is ideal for students needing beverages before/after class from Pittsburg State University, Pittsburg High School, and Frontenac High School (all within 3 miles of this upcoming 7 Brew location). To satisfy the region?s demand and loyalty for the brand, this 7 Brew property is strategically located only 83 miles from the original 7 Brew store in Rogers, Arkansas.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    550
• Building Class    A
• LoopNet Rating    4 Star
• Year Built    2024
• Price    1,748,000
• Price Per SF    3,178
• Cap Rate    6.75
• NOI    118,000
• Tenancy    Single
• Building Height    1 Story
• Land Acres    4.05 AC