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7 Brew, Decatur, AL

7 Brew, Decatur, AL


Investment Summary

Price $2,393,000
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 TBD
Lot Size 0.47 acres (20,473 SF)
Status Closed
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

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

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

Investment Highlights

20-YEAR ABSOLUTE NNN LEASE TO 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
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience

CENTRAL LOCATION IN DECATUR’S PRIMARY RETAIL CORRIDOR
» Outparcel to an Aaron’s and AutoZone anchored shopping center
» Prominent location directly across from Home Depot and just down from the Decatur Mall with over 575,000 SF of retail space including major tenants such as AMC Theatres, Belk, Hibbett Sports and many others
» Immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Home Depot, Lowe’s, Publix, Aldi, Academy Sports + Outdoors, Tractor Supply Company, Whataburger and many others

HIGH TRAFFIC LOCATION WITH EXCELLENT VISIBILITY ON MAJOR DECATUR THOROUGHFARE
» Just off the signalized intersection of Beltline Rd and Modaus Rd with over 47,000 vehicles per day
» 61,545 residents live within five miles of the property, creating a large and stable customer base for the site
» Projected 15% 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 Beltline Road with prominent street visibility and direct access to over 47,000 vehicles per day directly in front of the property
» Outparcel to an Aaron’s and AutoZone anchored shopping center
» Prominent location directly across from Home Depot and just down from the Decatur Mall with over 575,000 SF of retail space including major tenants such as AMC Theatres, Belk, Hibbett Sports and many others
» Immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Home Depot, Lowe’s, Publix, Aldi, Academy Sports + Outdoors, Tractor Supply Company, Whataburger 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

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