Investment Offering - 7 Brew Coffee

Retail-Commercial for Sale
Catylist Listing ID: 30859383
Property Subtypes: Free-Standing Building
Building Status: Under Construction
Building Size (RSF): 510 SF
Gross Building Area: See Agent
Gross Land Area: 0.84 Acres
Sale Price: $1,880,340
Unit Price: $3,686 PSF
Has Drive-Thru? Yes
Property Use Type: Investment
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, free-standing, 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 subject property is located in one of the fastest growing suburban neighborhoods of Louisville, KY. The immediate area is densely populated with nearly 60,000 residents and an average household income of nearly $100,000 within a 3-mile radius. This underserved Southeast Louisville area continues to see rapid growth with multiple new commercial and multi-family housing developments. The site benefits from its position along heavily trafficked Bardstown Road with over 43,000 VPD and its close proximity to Gene Snyder Freeway (I-265), Louisville’s outer beltway.

Current Tenants

Tenant Business Name 7 Brew Coffee
Website URL
Industry Type Accommodation and Food Services
Is Renting? Yes
Escalations 10% rental increase every 5 years, with 10% increases at the beginning of each option period
Options Extension Options | Four (4) Five (5) year options: Years 16 - 20: $146,410 Years 21 - 25: $161,051 Years 26 - 30: $177,156.10 Years 31 - 35: $194,871.71
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: 005600040000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family, Traveler
Property Located Between: Bardstown Rd and I-265 (Gene Snyder Freeway)
Property Visibility: Excellent
Largest Nearby Street: Bardstown Road
Traffic/Vehicle Count: 43,600
Highway Access: I-265 (Gene Snyder Freeway)
Tenancy: Single Tenant
Construction/Siding: Concrete, Metal Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,278 55,394 158,106
Median Age: 39.26 37.81 38.1
Households: 3,962 21,671 63,050


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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