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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.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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