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7 Brew & US Bank ATM Ground Leases 2901 W Broadway 510 SF 100% Leased Retail Building Council Bluffs, IA 51501 $1,958,000 ($3,839.22/SF) 6% Cap Rate
Investment Highlights
- New 15-Year Lease with 7 Brew and New 10-Yr Corporate Lease with US Bank - Both Absolute NNN Ground Leases
- Proven QSR Corridor - 5Neighboring Brands Rank Among the Top 10 in Iowa per Placer.ai: McDonald’s (#2), Arby’s (#2), Taco Bell (#3), Starbucks (#6)
- Experienced Multi-Brand Operator - High Plains Brew Holds Development Rights to 50+ Units
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Adjacent McDonald’s and Arby’s Rank in the Top 3% and Top 6% of Their Chains Nationally per Placer.ai
- Location Validated by Its Prior Occupant – US Bank Operated a Branch Here for Over 30 Years
Executive Summary
7 Brew Coffee founded its first coffee stand in 2017 in Rogers, Arkansas. The brand was created with the goal of serving premium coffee while providing a fun experience. Every 7 Brew Coffee store is a double drive-thru and serves coffee from beans sourced from Ethiopia, Columbia, and Brazil.
Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. U.S. Bancorp operates over 2,000 banking offices in 26 states with over 4,700 ATMs nationwide.
Council Bluffs is a historic city in southwest Iowa and the county seat of Pottawattamie County. Situated on the east bank of the Missouri River directly across from Omaha, Nebraska, it has a population of roughly 63,000 and serves as a major rail, tech, and cultural hub in the region.
Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. U.S. Bancorp operates over 2,000 banking offices in 26 states with over 4,700 ATMs nationwide.
Council Bluffs is a historic city in southwest Iowa and the county seat of Pottawattamie County. Situated on the east bank of the Missouri River directly across from Omaha, Nebraska, it has a population of roughly 63,000 and serves as a major rail, tech, and cultural hub in the region.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
510 SF
Building Class
B
Year Built
2026
Price
$1,958,000
Price Per SF
$3,839.22
Cap Rate
6%
NOI
$117,500
Percent Leased
100%
Building Height
1 Story
Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $487,200 | |
| Land Assessment | $343,900 | Total Assessment | $831,100 |
Property Taxes
Parcel Numbers
Land Assessment
$343,900
Improvements Assessment
$487,200
Total Assessment
$831,100
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7 Brew & US Bank ATM Ground Leases | 2901 W Broadway