Investment Offering - 7 Brew Coffee

Retail-Commercial for Sale
Catylist Listing ID: 30859429
Property Subtypes: Free-Standing Building
Building Status: Under Construction
Building Size (RSF): 510 SF
Gross Building Area: See Agent
Gross Land Area: 1.43 Acres
Sale Price: $1,538,000
Unit Price: $3,015 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: 7 Brew Coffee
Sale Terms: Undisclosed
Cap Rate: 5.85%
Last Updated: 10/31/2023

Overview / Comments

Qualified investors are extended the opportunity to acquire a 100% fee simple interest in an absolute net ground lease, freestanding, drive-thru 7 Brew Coffee. The 7 Brew franchisee recently signed a brand new 15-year lease with 4 (5-year) options. The lease features a 10% rental increase every 5 years, with 10% increases at the beginning of each option period.

The property is situated along Outer Loop, a major east west thoroughfare intersected by I-65. The corridor is South Central Louisville’s dominant retail trade area and is largely developed with a mixture of commercial and residential uses. The ADT along Outer Loop in front of the site is 24,500 and 14,500 along Jefferson Blvd at the intersection. The site is ideally positioned on a high-volume Wal-Mart outlot with multiple access points, and directly across from Jefferson Mall, a 900,000 SF regional mall owned and operated by CBL.

Current Tenants

Tenant Business Name 7 Brew Coffee
Tenant Notes 7 Brew began with 7 original coffees, which they served at their first “stand” in Rogers, AR. Their goal was to bring premium coffee to customers in a fast and convenient way, along with the excellent customer service their “Brew Crew” is known for. 7 Brew continues to see rapid growth throughout the U.S. with over 130 store openings since they were founded in 2016. Their stores feature canopied double drive-thru lanes and offer 20,000+ customizable drinks including espresso-based coffee, teas, smoothies, shakes, energy drinks and flavor-infused sparkling water.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 209200470000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Outer Loop & Preston Hwy (KY-61)
Property Visibility: Excellent
Largest Nearby Street: Outer Loop
Traffic/Vehicle Count: 24,000
Highway Access: I-65
Airports: Louisville International Airport - 7.2 Miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Construction/Siding: Concrete, Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,060 84,074 208,866
Median Age: 40.88 35.95 37.2
Households: 4,575 33,089 84,737


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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