Waxahachie, TX - 7 Brew

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Waxahachie, Texas. The tenant, Motley 7 Brew, LLC, has over 12 years remaining on the initial term of their lease, demonstrating long-term commitment to the location. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The 7 Brew Coffee is located at the hard corner of U.S. Highway 77 and Country Meadows Boulevard, with U.S. Highway 77 carrying 30,100 VPD and the adjacent Interstate 35E carrying 78,900 VPD. U.S. Highway 77 is the primary retail thoroughfare serving the city of Waxahachie. The 7 Brew is an outparcel to Waxahachie Marketplace, a 175,983 SF Power Center anchored by Academy Sports + Outdoors that also features national/credit tenants including TJ Maxx, Ulta, Kirklands, Five Below, Shoe Carnival, Raising Cane’s and McAlister’s Deli. The asset is across U.S. Highway 77 from a Tom Thumb grocery-anchored center that also includes a BJ’s Wholesale Club. In addition, the 7 Brew is near Waxahachie Towne Center, a 405,785 sqft power center anchored by Target, Lowes, and Belk. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, H-E-B, The Home Depot, Ross Dress for Less, Best Buy, CVS, PetSmart, Hobby Lobby, Dollar Tree, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Baylor Scott & White Medical Center – Waxahachie (134 beds), a major regional hospital serving Ellis County. The 5-mile trade area is supported by a population of over 62,000 with an average household income of approximately $106,000.

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