SNL Sells 7 Brew Coffee to Tenant Buyer from Kansas
Kyle Varni Orchestrates All Cash Transaction at a Strong Cap Rate
Secure Net Lease, a nationally recognized brokerage firm, orchestrated the sale of a 7 Brew Coffee in Red Oak, Texas. This property sold at a strong cap rate to a tenant buyer from Kansas in an all cash transaction.
The agent who facilitated this deal, Kyle Varni, said “Initially, we had a prospective buyer interested in the 7 Brew location in Odessa. However, we redirected their interest to the 7 Brew in Red Oak, which turned out to be a smooth transition.”
This 510 square-foot 7 Brew Coffee is located at a signalized intersection on a main retail corridor on East Ovilla Road (20,000+ VPD), just off of Interstate 35 (83,838+ VPD). It is only 1 mile from the $1+ billion Google and Compass Datacenters, 1.5 miles from Red Oak High School (2,160+ Students), and less than 2 miles from Texas State Technical College (10,200+ Students), the #3 Trade School in Texas. This high growth suburb of Dallas, Texas has strong income demographics and has had a 41.75% population increase since 2020.
“They exercised their right of first refusal (ROFR) on the location, simplifying the entire process for us. As a result, the closing was seamless, and the property sold at a strong cap rate relative to the area.” Varni concluded.
The successful sale of the 7 Brew Coffee in Red Oak, Texas, highlights Secure Net Lease’s expertise in efficiency and underscores the growing demand for well-positioned, high-traffic retail assets in thriving suburban markets. With a seamless closing process and a strong cap rate achieved, Secure Net Lease continues to deliver exceptional results for its clients nationwide.
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.
