New Castle, IN - 7 Brew

Description:

• Brand new 20-year absolute NNN ground lease with 1% annual rental increases throughout the primary term provides a steady, built-in hedge against inflation
• Tenant, 7Venture, Inc., is an 85+ unit 7 Brew franchisee and a corporate affiliate of K-MAC Enterprises, a 400+ unit Taco Bell franchisee
• 7 Brew is one of the fastest-growing beverage brands in the country with 800+ stands across 38 states and $2.6M+ average unit volumes

• Located at a signalized intersection along S. Memorial Drive (State Road 3; 22,300 VPD), the primary north-south retail thoroughfare serving New Castle, just south of W. Broad Street (State Road 38; 10,300 VPD)
• Outparcel to the Rural King-anchored center featuring ALDI, Applebee’s, Hardee’s and Verizon, and directly across from Kroger-anchored Trojan Plaza— the Kroger alone draws 1.1M+ annual visits (Placer.ai)
• Surrounded by national and credit tenants including Walgreens, Shell, Dollar Tree, O’Reilly Auto Parts, LongHorn Steakhouse, Wendy’s, Culver’s, Domino’s, Pizza Hut, Jimmy John’s, First Financial Bank, Ace Hardware, Planet Fitness, AutoZone, Big O Tires, Tire Barn, Dollar General, and more
Minutes from Henry Community Health (64 beds), • • New Castle High School (828 students), and Parker, Wilbur Wright and Eastwood Elementary Schools (820+ combined students)

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Listing ID: a28TP0000042vBBYAY