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7 Brew, Huntsville, AL

Investment Summary

Price $2,496,000
Cap Rate 6.75%
NOI $168,450
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 510 SF
Lot Size 0.65 acres (28,378 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
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

20-YEAR ABSOLUTE NNN LEASE TO RAPIDLY GROWING COFFEE CHAIN
» 20-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-VISIBILITY LOCATION CLOSE TO THE UNIVERSITY OF ALABAMA IN HUNTSVILLE
» Walking Distance to the University of Alabama in Huntsville with over 10,500 students and faculty
» Conveniently located along University Drive with excellent visibility and access to 47,660 vehicles per day directly in front of the site
» Strategic high-visibility location with between University of Alabama in Huntsville and Research Park Blvd with 61,775 vehicles per day
» Strategically located near Redstone Arsenal, a United States Army garrison with over 36,000 personnel stationed on premises
» Immediately surrounded by major traffic-driving retailers such as Sam’s Club, Top Golf, Trader Joe’s, REI, Best Buy, Aldi, Chick-fil-A and many more

EXCELLENT DEMOGRAPHICS IN HIGH-GROWTH HUNTSVILLE MARKET
» 121,105 residents live within five miles of the property, creating a large and stable customer base for the site
» Projected 16% income increases within 1-, 3-, and 5-mile radii over the next five years poise 7 Brew and Huntsville for steady concurrent growth
» Close proximity to many of Huntsville’s major employers including Lockheed Martin, Northrop Grumman, Teledyne, the United States Army Strategic Defense and several others
» Four miles from Downtown Huntsville

NEW 2023 CONSTRUCTION
» High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru for added customer convenience

Property Description

» This brand-new 7 Brew is conveniently located along University Drive with prominent street visibility and direct access to 47,660 vehicles per day directly in front of the property
» Strategic high-visibility location between University of Alabama in Huntsville and Research Park Blvd with 61,775 vehicles per day
» Walking Distance to the University of Alabama in Huntsville with over 10,500 students and faculty
» 121,105 residents live within five miles of the property, creating a large and stable customer base for the site
» Projected 16% income increases within 1-, 3-, and 5-mile radii over the next five years poise 7 Brew and Huntsville for steady concurrent growth
» Strategically located near Redstone Arsenal, a United States Army garrison with over 36,000 personnel stationed on premises

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