110 N Perkins Rd Stillwater, OK 74075

This is a new construction 7 Brew Coffee ground lease investment opportunity in Stillwater, OK. The tenant, 7B Kansas, LLC, will sign a new 15-year absolute NNN ground lease at the close of escrow. The lease includes 8.0% increases every five years, also included in the four, 5-year option periods. The franchisee will sign a personal guarantee on the lease. 7B Kansas plans to have 10 units open in OK by the end of 205. The franchisee is a 26-year multi-concept operator including Taco Bell, Freddy's Frozen Custard, and 7 Brew, currently operating 7 Brew locations in multiple states with an agreement to develop and operate 70+ over the next several years in New Mexico, Texas, Kansas, Oklahoma, Tennessee, and Mississippi. This is a passive income real estate asset with zero management responsibilities. The tenant is responsible for all property taxes, insurance, and capital expenditures including the roof, structure & HVAC. Stillwater, located in north-central Oklahoma, is the county seat of Payne County, approximately 65 miles northeast of Oklahoma City and 64 miles west of Tulsa, at the intersection of U.S. Route 177 and State Highway 51. As of the 2020 census, Stillwater's population was 48,394. The city was settled during the Land Run of 1889. The presence of Oklahoma State University (OSU) influences Stillwater's culture and economy. The location has more than 41,589 people within a 3-mile radius and more than 17,000 vehicles per day on Wyoming Blvd. The median home value is $182,168 within a 3-mile radius, and it is located directly across from Walmart.