Investment Summary
Price | $1,792,190 |
Cap Rate | |
NOI | |
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 | Contact For Details |
Lot Size | 0.40 acres (17,424 SF) |
Status | Sold |
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
» 15-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
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience
HIGH TRAFFIC LOCATION IN MOODY’S PRIMARY RETAIL CORRIDOR
» Adjacent to a Publix-anchored shopping center
» Prominent location on Moody Parkway with 35,735 vehicles per day passing directly in front of the store
» Convenient access to Interstate 20 with an additional 50,820 vehicles per day
» Moody Parkway is the primary retail corridor in Moody with major national retailers including Walmart Supercenter, Lowes, Publix, Whataburger, Chick-fil-A, Zaxby’s, Cracker Barrel, McDonald’s, Dunkin’, Wendy’s and many others
CENTRAL LOCATION IN AN AFFLUENT PART OF GREATER BIRMINGHAM, AL
» 29,803 residents live within five miles of the property, creating a large and stable customer base for the site
» Projected 15% income increases within 3- and 5-mile radii over the next five years poise 7 Brew and Moody for steady concurrent growth
» Less than 20 miles from Downtown Birmingham
2023 CONSTRUCTION FEATURING A 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
» This 7 Brew is a brand new 15-year absolute NNN lease to a rapidly growing coffee chain
» The site is conveniently located along Moody Parkway with prominent street visibility and direct access to over 35,000 vehicles per day directly in front of the property
» Adjacent to a Publix-anchored shopping center
» Moody Parkway is the primary retail corridor in Moody with major national retailers including Walmart Supercenter, Lowes, Publix, Whataburger, Chick-fil-A, Zaxby’s, Cracker Barrel, McDonald’s, Dunkin’, Wendy’s and many others
» Less than 20 miles from Downtown Birmingham
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience