Killeen, TX - Black Rifle Coffee

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed, drive-thru equipped, Black Rifle Coffee investment property located in Killeen, Texas. The tenant, BRCC Operating Company LLC, recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2014, Black Rifle Coffee is a veteran owned and operated coffee company with an incredibly loyal and expanding community of more than 1.9 million lifetime consumers, 270,000+ active coffee club subscribers, and a large and growing social media following. Black Rifle Coffee is growing exponentially and increased their net revenue by 42% in 2021 ($233 million) and are planning to open over 20 stores next year.

Black Rifle Coffee is strategically located along South Clear Creek Road, an arterial thoroughfare that serves over 40,000 vehicles per day. The building features brand-new state-of-the-art construction with a modern design and amenities. The subject property is just over 1 mile south of the Fort Hood south entrance, the third largest U.S. military base that supports a population of over 200,000 people, providing a direct consumer base from which to draw. Located in a dense retail corridor, Black Rifle Coffee is within close proximity to multiple national/credit tenants including Walmart Supercenter, Walmart Neighborhood Market, Aldi, Dollar General, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is within walking distance from Central Texas College, a 900,000 SF community college with more than 16,000 students currently enrolled. Moreover, the site is adjacent to AdventHealth Central Texas, a 208 bed medical facility, further increasing consumer draw to the immediate subject trade area. The 5-mile trade area is supported by more than 124,000 residents and 28,000 daytime employees. Residents within a 3-mile radius earn an average household income of $60,000.

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