Universal City, TX - 7 Brew Coffee

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, drive-thru equipped, freestanding, 7 Brew Coffee investment property located in Universal City, Texas (San Antonio MSA). The property has a 20M+ personal guaranty from a 20+ location operator. The tenant, Texas Coffee Stores, LLC, recently signed a new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site.
The lease features 1.5% annual rental increases throughout the initial lease term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in February 2017, 7 Brew was born from a desire to change drive-thru coffee into a fun, mind-blowing experience for everyone. The store sits on a rare 1-acre parcel and is opening for business in the next 30 days. This property is actively generating income with rent commencing earlier this year.

The 7 Brew Coffee is located along Pat Booker Road, which averages 20,700 vehicles passing by daily and is the major retail thoroughfare serving the city of Universal City. The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The 7 Brew Coffee is located less than a mile south of The Forum at Olympia Parkway, a 1.2 million square foot shopping mall with major tenants including The Home Depot, T.J. Maxx, Target, Best Buy, Kohl’s, and more. The asset is located just down the road from Gateway Plaza, a 263,000 square foot Burlington and Dollar Tree anchored center. In addition, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Costco Wholesale, IKEA, Michael’s, and more, further increasing consumer traffic to the site. Additionally, the property is located within a few miles from Randolph AFB, a well-known Air Force installation in Texas, which draws consumers into the trade area. The 5-mile trade area is supported by a population of over 228,500 with an affluent average household income of $92,328.

---

Report Listing This listing was syndicated through:

Listing ID: a288X000002loIBQAY