Restaurant
New Construction Drive Thru Coffee | 15-Year Ground Lease | Strong Retail Corridor
1336 E Stone Dr, Kingsport, TN 37660
Listing Price: $1,165,000
Cap Rate
5.15%
Tenant Name
7 Brew
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
510
Lease Type
Ground Lease
Rent Per Square Feet
$117.65
Investment Overview
Marcus & Millichap is pleased to bring to market 7 Brew located in Kingsport, TN.
New Construction Drive Thru Coffee | 15-Year Ground Lease | Strong Retail Corridor
Investment Highlights
- New Fifteen (15)-Year Ground Lease | No Landlord Responsibilities | Ten-Percent (10%) Rent Increases in Years 6, and 11 | Average Cap Rate is 5.68% During Base Term
- Four, Five Year Options with 10% Rent Increases | High-Quality Construction | Built in 2022
- One of a Kind Concept with a Double Drive-Thru for Speedy Service and Quality Products | 7 Brew Started in 2017 and Has Grown to 33 Locations and Plans to Add 165 Franchised Locations Over the Next 5
- 7 Brew Started a Franchise Program in 2021 after Receiving a Majority Investment from Drink House Holdings, Led by Jimmy John's Founder Jimmy John Liautaud and Lone Star Steakhouse Founder Jamie Coulter
- The Menu Features Hot and Iced Beverages Such as Coffee, Espresso Drinks, Infused Energy Drinks, Sodas, Smoothies, and Teas
- Situated in a Dense Retail Corridor With Strong Visibility and Two Points of Ingress and Egress | Positioned Along US-11 Seeing 31,400+ VPD Near the John B Dennis Hwy Interchange Seeing 21,700+ VPD
- Near Multiple National Tenants Including Kroger, McDonald's, Harbor Freight, Chick Fil A, Sherwin Williams, Home Depot, Hobby Lobby, Olive Garden, Planet Fitness, Target and Many More
- 2.5 Miles from Holston Valley Medical Center, a Major 345 Bed Hospital for the Area | Kingsport is Home to the Eastman Chemical Company Global Headquarters With Over 7,000 Local Employees | Strong Demographics: Population Exceeds 89,400+ Within 7-Miles
Exclusively Listed By
Broker of Record
Restaurant
New Construction Drive Thru Coffee | 15-Year Ground Lease | Strong Retail Corridor
Listing Price: $1,165,000
Cap Rate
5.15%
Tenant Name
7 Brew
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
510
Lease Type
Ground Lease
Rent Per Square Feet
$117.65
Investment Highlights
- New Fifteen (15)-Year Ground Lease | No Landlord Responsibilities | Ten-Percent (10%) Rent Increases in Years 6, and 11 | Average Cap Rate is 5.68% During Base Term
- Four, Five Year Options with 10% Rent Increases | High-Quality Construction | Built in 2022
- One of a Kind Concept with a Double Drive-Thru for Speedy Service and Quality Products | 7 Brew Started in 2017 and Has Grown to 33 Locations and Plans to Add 165 Franchised Locations Over the Next 5
- 7 Brew Started a Franchise Program in 2021 after Receiving a Majority Investment from Drink House Holdings, Led by Jimmy John's Founder Jimmy John Liautaud and Lone Star Steakhouse Founder Jamie Coulter
- The Menu Features Hot and Iced Beverages Such as Coffee, Espresso Drinks, Infused Energy Drinks, Sodas, Smoothies, and Teas
- Situated in a Dense Retail Corridor With Strong Visibility and Two Points of Ingress and Egress | Positioned Along US-11 Seeing 31,400+ VPD Near the John B Dennis Hwy Interchange Seeing 21,700+ VPD
- Near Multiple National Tenants Including Kroger, McDonald's, Harbor Freight, Chick Fil A, Sherwin Williams, Home Depot, Hobby Lobby, Olive Garden, Planet Fitness, Target and Many More
- 2.5 Miles from Holston Valley Medical Center, a Major 345 Bed Hospital for the Area | Kingsport is Home to the Eastman Chemical Company Global Headquarters With Over 7,000 Local Employees | Strong Demographics: Population Exceeds 89,400+ Within 7-Miles
Investment Overview
Marcus & Millichap is pleased to bring to market 7 Brew located in Kingsport, TN.
Exclusively Listed By
Broker of Record
