1626 Veterans Pky
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1626 Veterans Pky
510 SF Retail Building Jeffersonville, IN 47130 $1,739,000 ($3,410/SF) 5.75% Cap Rate
Investment Highlights
- Strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 VPD.
- Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx.
- 7 Brew Coffee investment property located in Jeffersonville, IN.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
510 SF
Building Class
C
Year Built
2023
Price
$1,739,000
Price Per SF
$3,410
Cap Rate
5.75%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Land Acres
23.55 AC
Zoning
C-1 - Commercial
Frontage
79 FT on Veterans Parkway
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10-21-03-300-720.000-009 | Improvements Assessment | $0 |
| Land Assessment | $1,095,900 | Total Assessment | $1,095,900 |
PROPERTY TAXES
Parcel Number
10-21-03-300-720.000-009
Land Assessment
$1,095,900
Improvements Assessment
$0
Total Assessment
$1,095,900
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Michael Carter -
Frank Rogers -
SRS Real Estate Partners
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1626 Veterans Pky
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