2200 Gregg St Big Spring, TX 79720

This exceptional investment opportunity presents a brand-new, 510-square-foot 7Brew Coffee location in Big Spring, Texas. Situated on a 0.32-acre lot at 2200 S Gregg St, this Class A retail property boasts a highly desirable absolute NNN ground lease with a prominent franchisee tenant. The 15-year lease, commencing November 1, 2024, and expiring November 1, 2039, includes five 5-year renewal options. The lease structure ensures minimal landlord responsibilities, with the tenant covering all property taxes, insurance, and maintenance. A significant advantage is the built-in 10% rent increase every five years, providing consistent income growth. The property benefits from a high-traffic location on S. Gregg Street, experiencing over 14,000 vehicles daily. With a current Net Operating Income (NOI) of $102,000 and a 6.00% cap rate, this offering presents a compelling investment opportunity for those seeking passive income and potential appreciation. The asking price is $1,700,000. This is an ideal asset for a 1031 exchange or any investor seeking a low-maintenance, high-return investment. The tenant, a major 7Brew operator, currently manages 28 locations and plans to expand to 50 more by the end of 2025. The property was built in 2024 and enjoys 100% occupancy.