Springfield, OH - 7 Brew
$1,500,000
2001 East Main Street, Springfield, OH 45503
6
Cap Rate
90,000
NOI
Details:
Description:
• The tenant will execute a brand new 15-year lease at close of escrow with (4) 5-year renewal options, demonstrating long-term commitment to the site
• Brew Team OH, LLC franchisee guaranteed ground lease
• The franchisee, Brew Team OH, LLC, currently operates 11 locations and is actively expanding, with plans to reach 13 stores by June 30, 2026, and 20 locations by year-end 2026
• The lease features 10% rental increases every five years throughout the lease and at the beginning of each option period
• Located at the signalized, hard-corner intersection of E Main St and N Belmont Ave, combining to average 28,200 vehicles passing by daily
• Adjacent to a 35,000+ square foot Save-A-Lot grocery anchored center with additional tenants including Family Dollar, Wingstop, and H&R Block
• In the center of a primary retail corridor with other nearby national and credit tenants including Walmart Supercenter, Kroger, Taco Bell, O’Reilly Auto Parts, McDonald’s, Tim Hortons, and more
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery
