1626 Veterans Pky - Freestanding FOR SALE


Jeffersonville, IN 47130
$1,739,000 USD
248-688-0630
1626 Veterans Pky, Jeffersonville, IN for Sale
$1,739,000 USD
Freestanding - FOR SALE
1/10
null | 5.75% Cap Rate

1626 Veterans Pky
Jeffersonville, IN 47130


HIGHLIGHTS

  • Strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 VPD.
  • 7 Brew Coffee investment property located in Jeffersonville, IN.
  • Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx.

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, newly built, drive-thru equipped, 7 Brew Coffee investment property located in Jeffersonville, IN (Louisville MSA). The tenant, Brew Team KY, LLC, recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is personally guaranteed for the first 5 years if tenant is in good standing, and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2017, 7 Brew has quickly become among the leading coffee chains with 186 operating locations.

FOR SALE DETAILS

PRICE

$1,739,000 USD

PRICE/SF

$3,410 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.55 AC

LAND SF

1,025,959 SF

ZONING

C-1

APN/PARCEL ID

10-21-03-300-720.000-009

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.