7Brew Ground Lease (Waxahachie)

Waxahachie | Texas (Dallas-Fort Worth MSA)

7Brew Ground Lease (Waxahachie)

1964 N Hwy 77 Waxahachie | TX 75165

Offering Summary

  • Status: closed
  • Price: $2,750,000
  • Cap Rate: 6.80%
  • GLA: 1,400 (approx.) SF
  • Net Operating Income: $186,959
  • Year(s) Built: 2023
  • Lease Type: Absolute NNN Ground Lease
  • Major Tenants: 7 Brew
  • Brand New Construction 7Brew Coffee 15-Year Absolute NNN Ground Lease in Waxahachie, Texas (Dallas-Fort Worth MSA)
  • High Growth Market: 36.7% Population Growth in 3-Mile Radius; Suburban Sprawl Continuing Throughout Waxahachie & Red Oak; Majority of Growth is New Construction Single-Family Housing
  • Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • 10% Rent Increases Every 5 Years of Primary Term & Options
  • Strong Personal Guaranty from Franchisee who has Rights to Develop 40 Stores in the Dallas Metro, Incl. NE Suburbs & Exurbs
  • Strong Intrinsic Value in the Real Estate: Top 5 MSA, Rapid Growth & Appreciation, Prime Retail Sites, Large Franchisee Investment in Improvements
  • Located Along N Hwy 77 with 25,900 VPD – Primary North-South Arterial & Commercial Corridor
  • Just 0.8-Mile North of Hwy 287 Exit Ramps with 56,800 VPD
  • Outparcel to Academy Sports & T.J. Maxx-Anchored Center with Other Neighboring Tenants Including Raising Cane’s, Ulta, Show Carnival, Valvoline, Arby’s, McAlister’s Deli, Crumbl Cookies, and More
  • Future of Retail: Modern, Drive-Thru Only Model Allowing Optimal Efficiency
  • Coffee is a $90+ Billion Industry with $270 Per Capita Spending in the U.S. in 2022; Strong Anticipated CAGR of 4.3% into 2025
  • 7Brew is Rapidly Growing Drive-Thru Only Coffee Chain Founded in 2016; 45 Locations in Operation in 14 States with Hundreds in Development
  • 7Brew Corporate Majority Ownership is Experienced QSR Operators – Jimmy John’s Founder & Major Pizza Hut Franchisee
  • Franchisee Expects to Have 11 Stores in Operation by YE 2023; Three in Operation Now with Eight More Stores Opening this Year
  • Average Franchisee Investment of $1.5 Million Per Store in Building/Improvements/Fixtures, Plus Land Costs
  • Concentrated Population Density: 34,350/3-Mi & 52,800/5-Mi Population
  • Waxahachie, TX – County Seat of Ellis County & Dallas Exurb Located Just 20 Minutes from Downtown
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director