Milwaukee, WI - 7 Brew

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, 7 Brew investment property located in Milwaukee, Wisconsin. The tenant, 7 Brew recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. 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 is located along W. Layton Avenue (29,600 VPD) near its signalized intersection with S. Howell Avenue (31,800 VPD), a combined 61,400 vehicles per day. W. Layton Avenue is the major east-west retail thoroughfare serving Milwaukee’s south side, offering direct regional access via U.S. Highway 41/Interstate 41 (182,000 VPD) and the Interstate 94/43 interchange. The 7 Brew is adjacent to a Courtyard by Marriott hotel and a national tenant cluster featuring Taco Bell, Domino’s Pizza, Golden Corral and Taco John’s. The asset also shares the corridor with McDonald’s, Culver’s, Starbucks, KFC, Dunkin’ and Subway — including the #1 ranked Culver’s in the entire country and the #1 ranked McDonald’s in Wisconsin per Placer.ai. The property is in the center of a primary retail and commercial corridor with other nearby national/credit tenants including The Home Depot, Walgreens, O’Reilly Auto Parts, Shell and Public Storage, further increasing consumer traffic to the site. The subject property is located immediately west of Milwaukee Mitchell International Airport (97,823 annual flights), Wisconsin’s largest commercial airport, and is surrounded by a dense industrial employment base anchored by General Mills, FedEx, UPS, Alro Steel and Air Wisconsin, with more than 17,000 employees within 3 miles. Additional nearby demand generators include St. Anthony High School (350 students), The Landing at 1st Street (140 units) and Lofts at Layton (150 units). The 5-mile trade area is supported by a population of nearly 90,000 with an average household income of over $172,000.

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