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1403 N Woodland Blvd 2,415 SF Retail Building Deland, FL 32720 $2,000,000 ($828.16/SF) 5.75% Cap Rate
Investment Highlights
- Triple Net 15 Year Lease with 5 Renewal Options and 7.5% Increases in Rent Every 5 Years
- Deland is Home to Stetson University (3,775 Students and Florida’s Oldest Private University), Museum of Art-Deland and Deland Municipal Airport
- 7 Brew is a Rapidly Expanding Drive-Thru Coffee Franchise Founded in 2017 Backed by Blackstone, Inc. with Over 600 Locations Across the U.S
- Located in Part of the Deltona-Daytona Beach-Ormond Beach Metropolitan Area (Population 746,933)
- Apartments nearby Include Athens Commons and Shopping Centers Nearby Include Northgate Shopping Center
Executive Summary
The Issenberg-Britti Group of Surmount is pleased to present for sale this 780 square foot 7 Brew Drive-Thru Coffee located at 1403 Woodland Blvd. in Deland, Florida (Population 37,351) and part of the Deltona-Daytona Beach-Ormond Beach Metropolitan Area (Population 746,933). Deland is home to Stetson University (Florida’s Oldest Private University 3,775 Students) and home to Museum of Art-Deland and The Deland Municipal Airport.
Apartments nearby this 7 Brew include Athens Commons and shopping centers nearby include Northgate Shopping Center.
7 Brew is a rapidly expanding drive-thru coffee franchise founded in Rogers, Arkansas in 2017. It is backed by Blackstone Inc. which operates over 600 locations across the United States. It stands out for its high-energy service and customization options, offering over 20,000 unique drink combinations. 7 Brew places a heavy emphasis on community connection and speed of service, often hiring locally and promoting from within. The 7 Brew Chain boasts impressive sales with top-performing locations grossing over $4 Million Annually. This Triple Net 15-year lease has 5 five-year option periods with 7.5% increases in rent every 5 years.
Apartments nearby this 7 Brew include Athens Commons and shopping centers nearby include Northgate Shopping Center.
7 Brew is a rapidly expanding drive-thru coffee franchise founded in Rogers, Arkansas in 2017. It is backed by Blackstone Inc. which operates over 600 locations across the United States. It stands out for its high-energy service and customization options, offering over 20,000 unique drink combinations. 7 Brew places a heavy emphasis on community connection and speed of service, often hiring locally and promoting from within. The 7 Brew Chain boasts impressive sales with top-performing locations grossing over $4 Million Annually. This Triple Net 15-year lease has 5 five-year option periods with 7.5% increases in rent every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,415 SF
Building Class
C
Year Built
1972
Price
$2,000,000
Price Per SF
$828.16
Cap Rate
5.75%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.49 AC
Zoning
05C-2 - General Commercial
Parking
30 Spaces (38.46 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7004-02-04-0053 | Improvements Assessment | $291,305 |
| Land Assessment | $167,969 | Total Assessment | $459,274 |
Property Taxes
Parcel Number
7004-02-04-0053
Land Assessment
$167,969
Improvements Assessment
$291,305
Total Assessment
$459,274
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