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.
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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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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