About This Restaurant
Investment Highlights
Extremely Strong Sales ? contact broker for details The lease is an absolute NNN ground lease making this a passive investment opportunity for a hands-off investor 7 Brew is an emerging drive-thru coffee brand based in Arkansas with 200+ locations and a recently announced growth equity investment from Blackstreet A 2023 built-to-suit construction 7 Brew with a 10+ car stacking double drive-thru on a brand new, 15-year lease The lease features a 15 year primary term with five, 5-year options and 10% rental increases every 5 years during the primary term and option periods
Executive Summary
Brand new, 15-year leased coffee QSR with double drive-thru. This 2023 construction 7 Brew features an absolute NNN ground lease with 15 years remaining in the primary term. The subject property is located just off US Hwy 67 (32,523 VPD) near Angelo State University in a strong retail trade area with many national retailers, including Walgreens, McDonald?s, Starbucks, and more.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 570
- Year Built 2023
- Price 1,383,333
- Price Per SF 2,427
- Cap Rate 6
- NOI 83,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 0.45 AC
| Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
| Address: | 402 N Bryant Blvd , San Angelo, Texas, 76903 | ||