Listed by Atlantic Capital Partners
$2,083,000
7 Brew | Hickory, NC
Details
APN 371219503032
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 510
Units 1
Cap Rate 6%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
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
Class A
Year Built 2026
Stories 1
Acreage 0.910
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/01/2026
Ground Lease Yes
6.00% CAP | NEW 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
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
HICKORY-LENOIR-MORGANTON 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
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
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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