Restaurant
7 Brew & US Bank ATM Ground Leases
2901 W Broadway, Council Bluffs, IA 51501
Listing Price: $1,958,000
Investment Overview
7 Brew Coffee founded its first coffee stand in 2017 in Rogers, Arkansas. The brand was created with the goal of serving premium coffee while providing a fun experience. Every 7 Brew Coffee store is a double drive-thru and serves coffee from beans sourced from Ethiopia, Columbia, and Brazil.
Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. U.S. Bancorp operates over 2,000 banking offices in 26 states with over 4,700 ATMs nationwide.
Council Bluffs is a historic city in southwest Iowa and the county seat of Pottawattamie County. Situated on the east bank of the Missouri River directly across from Omaha, Nebraska, it has a population of roughly 63,000 and serves as a major rail, tech, and cultural hub in the region.
7 Brew & US Bank ATM Ground Leases
Investment Highlights
- New 15-Year Lease with 7 Brew and New 10-Yr Corporate Lease with US Bank - Both Absolute NNN Ground Leases
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Proven QSR Corridor - Five Neighboring Brands Rank Among the Top 10 in Iowa per Placer.ai: McDonald's (#2), Arby's (#2), Taco Bell (#3), Starbucks (#6) and KFC (#8)
- Adjacent McDonald's and Arby's Rank in the Top 3 Percent and Top 6 Percent of Their Chains Nationally per Placer.ai
- Experienced Multi-Brand Operator - High Plains Brew Holds Development Rights to 50-Plus Units, has Opened 15-Plus, and Its Principals were the First Freddy's Frozen Custard Franchisee with Over 20 Years in QSR Business
- Location Validated by Its Prior Occupant – US Bank Operated a Branch here for Over 30 Years and Requested to Retain Its ATM through the Redevelopment, Signing a New 10-Year Corporate Absolute NNN Ground Lease
- Diversified Credit at a Sub-$2 Million Price Point – Corporate Bank Tenant and National Coffee Brand on a Single Parcel
- Excellent Frontage on W Broadway (±21,600 CPD), a Direct Route to Downtown Omaha – Less Than Five Miles from Downtown and Eppley Airfield, with 175,134 Residents Within Five Miles
Broker of Record
Financing By
Listing Price: $1,958,000
Investment Highlights
- New 15-Year Lease with 7 Brew and New 10-Yr Corporate Lease with US Bank - Both Absolute NNN Ground Leases
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Proven QSR Corridor - Five Neighboring Brands Rank Among the Top 10 in Iowa per Placer.ai: McDonald's (#2), Arby's (#2), Taco Bell (#3), Starbucks (#6) and KFC (#8)
- Adjacent McDonald's and Arby's Rank in the Top 3 Percent and Top 6 Percent of Their Chains Nationally per Placer.ai
- Experienced Multi-Brand Operator - High Plains Brew Holds Development Rights to 50-Plus Units, has Opened 15-Plus, and Its Principals were the First Freddy's Frozen Custard Franchisee with Over 20 Years in QSR Business
- Location Validated by Its Prior Occupant – US Bank Operated a Branch here for Over 30 Years and Requested to Retain Its ATM through the Redevelopment, Signing a New 10-Year Corporate Absolute NNN Ground Lease
- Diversified Credit at a Sub-$2 Million Price Point – Corporate Bank Tenant and National Coffee Brand on a Single Parcel
- Excellent Frontage on W Broadway (±21,600 CPD), a Direct Route to Downtown Omaha – Less Than Five Miles from Downtown and Eppley Airfield, with 175,134 Residents Within Five Miles
Investment Overview
7 Brew Coffee founded its first coffee stand in 2017 in Rogers, Arkansas. The brand was created with the goal of serving premium coffee while providing a fun experience. Every 7 Brew Coffee store is a double drive-thru and serves coffee from beans sourced from Ethiopia, Columbia, and Brazil. Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. U.S. Bancorp operates over 2,000 banking offices in 26 states with over 4,700 ATMs nationwide. Council Bluffs is a historic city in southwest Iowa and the county seat of Pottawattamie County. Situated on the east bank of the Missouri River directly across from Omaha, Nebraska, it has a population of roughly 63,000 and serves as a major rail, tech, and cultural hub in the region.
Broker of Record
Financing By
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