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7 Brew, Casper, Wyoming

7 Brew, Casper, Wyoming


Investment Summary

Price $2,358,000
Cap Rate 7.00%
NOI $165,000
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 5% rental increases every five (5) years in initial term and option periods
Year Built 2024
Building Size 571 SF
Lot Size 0.85 acres (37,026 SF)
Status Available
Lead Brokers Jared Goodman, CCIM, SIOR
Managing Director
1.970.690.4227
jared.goodman@cushwake.com
WY License #12307

Investment Highlights

15-YEAR ABSOLUTE NNN LEASE TO RAPIDLY GROWING COFFEE CHAIN
» 15-year absolute NNN lease to 7 Brew
» Arkansas-based 7 Brew was founded in 2016 and has since surpassed 150 stores open and operating in 25+ states, with the rights to over 3,000 units already sold to franchisees
» 5% rental increases every five (5) years throughout the initial term and option periods
» No landlord management, making this an ideal opportunity for an out-of-area or passive investor

HIGHLY VISIBLE LOCATION AT SIGNALIZED INTERSECTION
» Optimal location next to the signalized corner of CY Avenue and Wyoming Boulevard Southwest, which cumulatively experience traffic volumes of over 48,000 vehicles per day
» The site will serve as the first 7 Brew location in Wyoming
» Closely connected to other top national retail tenants via CY Avenue and Wyoming Boulevard Southwest such as Walmart Supercenter, McDonald’s, Dollar Tree, La-Z-Boy, Burger King, Shell, Domino’s Pizza, and many others
» Only two miles way from Casper College (4,614 students), a very strong customer bases for retail coffee tenants

CASPER IS THE SECOND-LARGEST CITY IN WYOMING
» The property is only minutes away from multiple educational institutions including Natrona County High School (1,807 students), CY Middle School (793 students), and Roosevelt High School (242 students)
» 59,921 residents live within a five-mile radius of the site, granting the property prime access to
a strong, stable customer base
» Casper is poised for growth, giving the site a promising future within the Casper market

NEW 2024 CONSTRUCTION FEATURING DUAL-LANE DRIVE-THRU IN A TAX-FREE STATE
» High-quality 2024 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience
» Wyoming is a tax-free state

Property Description

» This prime 7 Brew location in Casper, Wyoming, is strategically positioned near Casper College, University of Wyoming at Casper, Roosevelt High School, Natrona County High School, and CY Middle School, giving the site access to over 10,000 students and faculty members
» Surrounded by a mix of residential neighborhoods, office complexes, and retail outlets, this 7 Brew location offers unparalleled exposure to a diverse demographic of coffee customers. With easy access to major thoroughfares and ample parking, the location greatly boosts customer convenience
» Beyond its strategic positioning at a major intersection, the 7 Brew Casper location benefits from proximity to several key attractions. Nearby, residents and visitors can enjoy recreational offerings such as parks, trails, and sports facilities, providing ample opportunities for leisure and relaxation. Additionally, the presence of reputable schools and healthcare centers in the vicinity enhances the area’s appeal, drawing in a steady flow of foot traffic throughout the day
» With Casper experiencing steady economic growth and development, the 7 Brew location at CY Avenue and Wyoming Boulevard Southwest is poised to capitalize on emerging opportunities

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