1920 Gerstner Memorial Drive
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
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- *For the provided PropertyListing record:**
- Former bank branch offered at $595,000 in Lake Charles, Louisiana. The 4,605 SF single-story building sits on 1.79 acres along Highway 14 and is zoned for commercial use. An operating ATM on-site generates additional monthly rental income, adding to the property's appeal for both owner-users and investors seeking a professional, administrative, or medical office use.
- The well-maintained space is positioned to serve the surrounding community with ample land and straightforward access. The combination of existing infrastructure, established ATM revenue, and flexible use case makes this a versatile acquisition for owner-occupancy or investment.
- Highlights:
- Former bank branch, 4,605 SF on 1.79 acres
- Operating ATM providing monthly rental income
- Highway 14 frontage, well-maintained condition
- Flexible use for professional, administrative, or medical office
- Suitable for owner-user or investor acquisition
More property details
Location
Located at 1920 Gerstner Memorial Drive in Lake Charles, this former bank branch offers approximately ±4,605 square feet of well-maintained space on ±1.79 acres. Positioned along Highway 14, the property is ideally suited for a professional, administrative, or medical office serving the surrounding community. An operating ATM on-site provides additional monthly rental income, enhancing the property's investment appeal. Offered at a sales price of $595,000, this versatile asset presents an excellent opportunity for both owner-users and investors.