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31109182
31109183

1862 US Hwy 70 SE, Hickory, NC 28602

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$2,083,000
80 days on market
Updated 80 days ago

7 Brew Coffee | Hickory, NC

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 510
Cap Rate 6%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dutch Bros. Coffee (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 3 x 5-year options
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Acreage 0.910
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 05/01/2026
Ground Lease Yes
Ownership Fee Simple

6.00% CAP | LONG TERM GROUND LEASE

Investment highlights

ATTRACTIVE LEASE FUNDAMENTALS

  • 15-year lease term with 10% rental increases every five years throughout the base and option periods

  • Absolute NNN ground lease structure with zero landlord responsibilities

  • Hands-off investment providing stable, long-term cash flow from a rapidly expanding coffee operator

HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS

  • Recognized as the economic center of the Catawba River Valley

  • Two universities support growth: Lenoir-Rhyne University and Appalachian State University

  • Strong demographics: $80K+ average household income and 70K+ population within 5 miles

HICKORY-LENOIRMORGANTON MSA

  • Population of ~370,000 across the metro area

  • Competitive labor market with unemployment below national averages

  • Catawba County median household income of ~$68,000

  • Retail sales exceed $4.1B annually within the county

HIGH VISIBILITY ON MAJOR RETAIL CORRIDOR

  • Prominent frontage along Hwy 70 with 20,000+ vehicles per day

  • Cross-access to signalized light offers excellent visibility and access for commuter and local traffic

  • Over 4.4M SF of retail located in 1-mile radius

  • Nearby Major Retailers include: Chick Fil A, Target, Best Buy, Home Depot

NEW CONSTRUCTION SITE

  • Brand-new drive-thru building scheduled for completion in 2026

  • Built to 7 Brew’s latest design standards with high-volume operational capacity for efficient service

PROXIMITY TO I-40 AND HICKORY BLVD

  • Less than 2 miles from the interchange of Interstate 40 and U.S. Route 321

  • Interstate 40 is a primary east–west corridor connecting the Charlotte metropolitan area to western North Carolina

  • Direct access to U.S. Route 70 (22,500 VPD) supporting strong commuter traffic

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
David Hoppe
License
NC 288268
Name
Mike Lucier
License
NC 231272
Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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