x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


7 Brew, Decatur, AL

7 Brew, Decatur, AL


Investment Summary

Price $2,527,333
Cap Rate
NOI
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 1% annual rental increases
Year Built 2023
Building Size 522 SF
Lot Size 0.48 acres (21,000 SF)
Status Under Contract
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

20-YEAR ABSOLUTE NNN LEASE TO RAPIDLY GROWING COFFEE CHAIN
» 20-year absolute NNN lease rapidly growing coffee chain
» Guaranteed by Southern Brew Corp, a 330+ unit QSR operator (Taco Bell) which has signed an exclusive development agreement with 7 Brew to develop 79 locations over the next eight years, 10 by the end of 2023 in markets in which the operator is already established
» Rare annual rental increases throughout the initial term and options periods
» No landlord management, making this an ideal opportunity for an out-of-area investor

CENTRAL LOCATION IN DECATUR’S PRIMARY INDUSTRIAL AREA
» Prominent location in an area densely populated and supported by the Decatur Morgan Hospital (352 beds) and industrial employers such as Bunge (205 employees), the Decatur Utilities Water Treatment Plant (165 employees), and more
» Immediately surrounded by major traffic-driving tenants including Walmart, Walgreens, O’Reilly Auto Parts, Dunkin’ Donuts, and AutoZone

HIGH TRAFFIC LOCATION WITH EXCELLENT VISIBILITY ON MAJOR DECATUR THOROUGHFARE
» Just off the signalized intersection of 6th Avenue Southeast and 7th Street Southeast with over 30,087 vehicles per day
» 58,250 residents live within five miles of the property, creating a large and stable customer base for the site
» Projected 13% income increases within 1-, 3-, and 5-mile radii over the next five years poise 7 Brew and Decatur for steady concurrent growth
» Less than 30 miles from Downtown Huntsville

NEW 2023 CONSTRUCTION FEATURING DUAL-LANE DRIVE THRU
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience

Property Description

SOLD

» Brand New 20-Year Absolute NNN Lease to Rapidly Growing Coffee Chain
» This brand-new 7 Brew is conveniently located along 6th Avenue Southeast with prominent street visibility and direct access to over 30,000 vehicles per day directly in front of the property
» Prominent location across from Walmart and just down from the Decatur Morgan Hospital (Decatur’s only major hospital with 352 beds) and two of Decatur’s main schools (Decatur High School and Decatur Middle School)
» Immediately surrounded by major traffic-driving tenants such as Walmart, Walgreens. Dunkin’ Donuts, O’Reilly Auto Parts, AutoZone and many others
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link