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7 Brew Coffee

$1,600,000

5510 Harvey Street, Muskegon, MI 49444

Active
Last Updated: 01/16/2025

6.25

Cap Rate

100,000

NOI

Details:
Cap Rate:    6.25%
NOI:    $100,000
Building Size:    34,848 sqft
Lot Area:    0.8 acres
Lease Type:    Ground
Year Built:    2024
Tenancy:    Single
Highlights:
  • 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options
  • 2024 build-to-suit construction with drive-thru
  • Outparcel to The Lakes Mall with direct ingress/egress from Harvey Street – 22,875 VPD
  • The Lakes Mall is a 645,000 SF regional mall subject to 3.2M annual visitors, which ranks in the 90th percentile of malls in Michigan per Placer.ai
  • Zero maintenance/expense obligations for the landlord making this a truly “hands-off” investment
  • Brew Horizons LLC is currently a 25-unit 7 Brew franchisee with a 200-unit franchise agreement in place
Description:

A 15-year absolute net ground lease 7 Brew featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property serves as a main outparcel to The Lakes Mall with direct ingress/egress from Harvey Street (22,875 VPD) and exposure to the 3.2M annual visitors of the shopping center (per Placer.ai).

Map:
Documents:
Title
7Brew_MuskegonMI.pdf
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Location
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