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7 Brew | New 15yr Abs NNN | Opening Sept 2024 1110 Cooktown Rd

510 SF Retail Building Ruston, LA 71270 $1,417,000 ($2,778/SF) 6% Cap Rate

Retail Space Louisiana Ruston 1110 Cooktown Rd, Ruston, LA 71270

Investment Highlights

  • Brand New 15-Year Lease | Scheduled Rental Increases | Options To Extend | September 2024 Anticipated Opening
  • Access to I-20 (59,200 VPD) | Excellent Visibility | Proximity to Louisiana Tech University | National Tenant Presence
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities | Strong Franchisee
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, 7 Brew investment property located in Ruston, Louisiana. The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The franchisee, Brew Crew, successfully operates over 30 locations, with the rights to another 100+ locations. The group was awarded Franchisee of the Year in 2023, with a system-best AUV of $2.4 million.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Building Class
B
Year Built
2024
Price
$1,417,000
Price Per SF
$2,778
Cap Rate
6%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Land Acres
0.79 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-4 - Highway Business

Amenities

  • Freeway Visibility
  • Restaurant
  • Signage
  • Drive Thru

Links

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Nearby Major Retailers

Waffle House
7 Brew Coffee
Starbucks
Cadence Bank
First Horizon Bank
McAlister's Deli
Regions Bank
Chase Bank
Planet Fitness
Origin Bank

PROPERTY TAXES

Parcel Number 7025 Improvements Assessment $12,028
Land Assessment $0 Total Assessment $12,028

PROPERTY TAXES

Parcel Number
7025
Land Assessment
$0
Improvements Assessment
$12,028
Total Assessment
$12,028
(480) 221-4221

  • Listing ID: 32408041

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 1110 Cooktown Rd, Ruston, LA 71270

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7 Brew | New 15yr Abs NNN | Opening Sept 2024 | 1110 Cooktown Rd
(480) 221-4221 x

7 Brew | New 15yr Abs NNN | Opening Sept 2024 | 1110 Cooktown Rd

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Patrick Luther

(480) 221-4221

(480) 221-4221

Matthew Mousavi

(714) 404-8849

(714) 404-8849

Joe Chichester

(714) 393-2552

(714) 393-2552

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