7 Brew,
Decatur, AL Investment Summary
| Price | $2,809,000 |
| Cap Rate | 6.75% |
| NOI | $189,550 |
| 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 | Available |
| 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
» 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
