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 |
www.7brew.com |
| 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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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