2050 Southgate Rd
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
- --
- Single-tenant Big R convenience store at Broadmoor Town Center in Colorado Springs, offered at $6,640,000 at a 7.82% cap ($519,189 NOI). The 46,614 SF building is secured by a corporate NN lease with approximately 8.5 years remaining plus two five-year renewal options, backed by a corporate guarantee. Current rent of roughly $11/SF is below market, providing upside potential upon lease renewal.
- Built in 1959 and fully renovated in 2023, the one-story property occupies a prime corner location at Nevada Avenue (CO Highway 115) and Lake Avenue in Southeast Colorado Springs, with visibility to more than 60,000 vehicles daily. The site sits just east of I-25 and two miles south of the Broadmoor Resort. Broadmoor Town Center anchors a strong retail corridor featuring Home Depot, Ross, PetSmart, Michael's, Ulta, and Old Navy, alongside dining options including Red Robin and Chipotle. Big R operates 39 locations across Colorado, New Mexico, Kansas, Oklahoma, and Texas, providing operational stability and a proven tenant base.
- Highlights:
- 7.82% cap rate with below-market rent at $11/SF
- Corporate NN lease with 8.5 years remaining plus two five-year renewal options
- Corporate lease guarantee
- Fully renovated 2023
- 60,000+ vehicles daily; prime corner visibility at Nevada Avenue and Lake Avenue
- Anchored retail center near Broadmoor Resort and I-25
More property details
Location
SVN Denver, as the exclusive agent for the seller, presents a long-term single-tenant investment opportunity featuring Big R at Broadmoor Towne Center in Southeast Colorado Springs. The 46,614 SF property is supported by approximately 8.5 years remaining on a corporate NN lease, along with two additional five-year renewal options, and offers a 7.82% CAP rate. Big R operates 39 locations across Colorado, New Mexico, Kansas, Oklahoma, and Texas, with an initial rent currently below market at approximately $11/SF. The property was newly renovated in 2023 and benefits from a corporate lease guarantee. Strategically positioned at the southwest corner of Nevada Avenue (CO Hwy 115) and Lake Avenue, the site sees more than 60,000 vehicles per day and is located just east of I-25, providing excellent visibility and accessibility. Broadmoor Towne Center is surrounded by prominent national retailers and restaurants, including Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy, making it a premier shopping destination in the area. The property is also situated just south of downtown Colorado Springs and approximately two miles from the internationally renowned Broadmoor Resort, further enhancing its strategic location and investment appeal.