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7 Brew, Jacksonville, FL

7 Brew, Jacksonville, FL


Investment Summary

Price $2,599,000
Cap Rate 6.35%
NOI $165,000
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 510 SF
Lot Size 0.51 acres (22,200 SF)
Status Available
Lead Brokers Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Jack Hinson
Brokerage
704.572.9921
j.hinson@cushwake.com
CA RE License #02059267

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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
» 15-year absolute NNN lease to 7 Brew
» Arkansas-based 7 Brew was founded in 2016 and has since surpassed 150 stores open and operating in 25+ states, with the rights to over 3,000 units already sold to franchisees
» Leased to 7Venture Inc., an affiliate of K-Mac Enterprises and a rapidly growing operator with plans to develop up to 40 new locations by the end of 2023
» Guaranteed by 7Venture, Inc., an affiliate of K-MAC Enterprises, a 325+ unit QSR operator (Taco Bell, KFC, Whataburger, and Golden Corral) which has plans to build another 200+ 7 Brew locations in North Carolina, South Carolina, Georgia, Florida, Indiana, and Oklahoma by 2027
» Rare annual rental increases throughout the initial term and options periods
» No landlord management, making this an ideal opportunity for an out-of-area or passive investor

TROPHY LOCATION IN A DENSE RETAIL CORRIDOR MINUTES FROM THE ATLANTIC OCEAN
» Trophy location along U.S. Route 90/Beach Boulevard, a major Florida east-west thoroughfare just minutes from the Atlantic Ocean (46,500 AADT)
» Located directly in front of TownPlace Suites by Marriott (93 rooms) and adjacent to Hampton Inn & Suites (112 rooms)
» Across the street from a well-performing Target-anchored center, creating substantial traffic drivers for the property
» Beneficial proximity to the Mayo Clinic Jacksonville (304 beds), the #1 ranked hospital in Florida by U.S. News & World Report and one of Jacksonville’s largest employers and economic drivers ($4 billion contributed to local economy, supports 10,000+ jobs)
» Immediately surrounded by major traffic-driving tenants including Walmart Supercenter, Michaels, Office Max, Panera Bread, Publix, Chick-fil-A, Chipotle, Taco Bell, Chase Bank, and a plethora of others

GROWING FLORIDA SUBURB WITH IDEAL DEMOGRAPHICS
» 172,734 residents live within five miles of the property, creating an extremely large and stable customer base for the site
» Excellent average household income of $138,499 within a one-mile radius
» Projected 12% income increases within 1-, 3-, and 5-mile radii over the next five years poise 7 Brew and Jacksonville for steady concurrent growth

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
» Site is open and operating

Property Description

» Trophy location along U.S. Route 90/Beach Boulevard, a major Florida east-west thoroughfare just minutes from the Atlantic Ocean (46,500 AADT)
» Located directly in front of TownPlace Suites by Marriott (93 rooms) and adjacent to Hampton Inn & Suites (112 rooms), the site is ideally set to capture significant foot-traffic
» Beneficial proximity to the Mayo Clinic Jacksonville (304 beds), the #1 ranked hospital in Florida by U.S News & World Report and one of Jacksonville’s largest employers and economic drivers ($4 billion contributed to local economy, supports 10,000+ jobs)
» 172,734 residents live within five miles of the property, creating an extremely large and stable customer base for the site
» Excellent average household income of $138,499 within a one-mile radius
» Across the street from a well-performing Target-anchored center, creating substantial traffic drivers for the property

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