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7 Brew, Jacksonville, AL

7 Brew, Jacksonville, AL


Investment Summary

Price $1,706,000
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 522 SF
Lot Size 0.41 acres (17,860 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 THE HEART OF JACKSONVILLE’S PRIMARY RETAIL CORRIDOR
» Prominent Location directly across from two primary Jacksonville shopping areas, Jacksonville Plaza and Pelham Plaza
» Excellent proximity to Jacksonville State University, Jacksonville’s 5th-largest employer featuring 1,108 employees and 8,311 students
» Immediately surrounded by major traffic-drivers such as Walmart Supercenter, Jacksonville High School, Johnson’s Giant Foods, Walgreens, Chick-fil-A, McDonald’s, and many others

HIGH-TRAFFIC LOCATION WITH EXCELLENT VISIBILITY ON MAJOR NORTH-SOUTH ALABAMA THOROUGHFARE
» High-visibility and easily accessible location at the intersection of Pelham Road South and Eighty Oaks Street (26,400+ AADT)
» 112,638 residents live within fifteen miles of the property, creating a large and stable customer base for the site
» Projected 13% income increases within 5-, 10-, and 15-mile radii over the next five years poise 7 Brew and Jacksonville for steady concurrent growth
» Centrally located between Huntsville, Birmingham, and Atlanta, allowing the site to capture tremendous commuter traffic

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 at the intersection of Pelham Road South and Eighty Oaks Street with prominent street visibility and direct access to over 26,400 vehicles per day directly in front of the property
» Prominent location directly across from two primary Jacksonville shopping areas, Jacksonville Plaza and Pelham Plaza
» Immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Jacksonville High School, Johnson’s Giant Foods, Walgreens, Chick-fil-A, McDonald’s, 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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