SNL Facilitates All-Cash Sale of 7 Brew in Colorado
Kyle Varni Orchestrates Transaction with Private Investor from California
Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of a 7 Brew Coffee location in Montrose, Colorado. The property was sold in an all-cash transaction to a private investor from Chico, CA who was motivated by a 1031 exchange.
The agent who facilitated the deal, Kyle Varni, commented, “It was a pretty straightforward and smooth process. We ultimately found a California buyer through an exchange, and it was an all cash deal. He owns a home in Telluride and visits the area frequently, so he’s very familiar with the real estate market there. Once we went under contract, the transaction was incredibly smooth.”
The 7 Brew Coffee property is a 510-square-foot drive-thru-only building situated at 1433 Encanto Place, Montrose, CO. The site benefits from high visibility at a hard corner location, with excellent traffic counts. Montrose County is a well-known destination for outdoor activities, drawing tourists year-round. Additionally, Montrose serves as a gateway to Telluride, which is only 40 miles away.
The buyer, a private investor from Chico, CA, was already well-acquainted with the Montrose and Telluride markets due to his frequent visits to the area. His familiarity with the region, combined with the growth of 7 Brew Coffee, made this investment particularly attractive.
This sale highlights Secure Net Lease’s expertise in identifying and matching premium net lease investment opportunities with motivated buyers. The transaction underscores the strong demand for high-traffic, drive-thru retail properties, particularly in tourist-driven markets like Montrose, Colorado.
Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
