Investment Summary
Price | $2,440,000 |
Cap Rate | 6.15% |
NOI | $150,000 |
Lease Term | 15 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 | 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 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
15-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
» Brand New 15-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