Recent Closing: Lowest Cap Rate Ever Achieved for a Seven Brew Coffee Nationwide

IRVINE, Calif., June 13, 2022 - Faris Lee Investments arranged the sale of a Seven Brew Coffee in Greenville, SC, and achieved a record-breaking cap rate, 5.25%, which is the lowest cap rate ever for the concept nationwide. The sale is indicative of not only the strength of the tenant but the overall single-tenant market today.

The offering was for a single-tenant, double drive-thru, Seven Brew Coffee, which featured a brand new, 10-year, lease with 10% rent increases every 5 years, including at each option to extend. Seven Brew Coffee is quickly becoming a nationally recognized brand with its continued growth.

Faris Lee Investments procured numerous offers, and ultimately closed at 100% of the list price. The Seller is a developer based out of Atlanta and the Buyer is based in California.

About Faris Lee Investments: Faris Lee Investments is a national leading retail advisory and investment sales firm. The company’s high-level retail investment advisors develop forward-thinking strategies for all retail acquisitions and dispositions and guide clients through complex transactions. Through its recent strategic affiliation with X-Team Retail Advisors, a nationwide partnership of seasoned retail leasing experts, Faris Lee offers a fully integrated platform with disciplined expertise in landlord leasing, tenant representation, and investment sales to maximize value for clients.

FARIS LEE NEWS

Subscribe to receive news direct to your inbox.

Copyright © 2019 Faris Lee Investments