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US-301Riverview, FL 33578
Black Rifle Coffee
Asset ClassRetail
Cap Rate6.5%
Deal Size: $2.57 MLease-Term Remaining: 15 YearsYear Built: 2024Access Data Room
Black Rifle Coffee Outpost | 15-YR GL | Public Company
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 15 Year Black Rifle Coffee ground lease in Riverview, FL.  Black Rifle is currently in their planning and permitting process and plans to open for business in 2025.  They are currently paying rent per the lease terms.

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Investment Highlights

  • Rare Black Rifle Coffee Outpost in top Tampa trade area
  • Corporate guarantee from Authentic Brands, Black Rifle's parent company
  • Black Rifle is publicly traded on the NYSE and as of September 9 had a market cap of $781 million
  • Dynamic Tampa Bay submarket with 75% population growth since 2000, AHHI exceeding $100,000
  • Diversified business model with large wholesale and direct to consumer business (over 285,000 coffee club subscribers and over 2 million social media followers)
  • Fast Food and drive-thru coffee sales grew in 2020 despite the pandemic and the US is the world's largest retail coffee market at $15 billion annually
  • Fixed rental increases provide hedge against inflation and an average return of 7.06% over the base term     Florida has no state income tax and in 2022 ranked as the fastest growing State in the US
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deal gallery image
deal gallery image
US-301Riverview, FL 33578

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Listing provided by Revere CRE