Fort Walton Beach, FL - 7 Brew Coffee

Description:

• The tenant currently has 14 years remaining on their initial lease with 3 (5-Year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial lease and at the beginning of each option, growing NOI and hedging against inflation
• The franchisee, 7 Crew Enterprises, currently operates 40+ locations throughout Texas, Oklahoma, Florida, and Colorada, with another 40+ under development
• 7 Brew has 3,000 units sold to franchisee partners
• The subject property is a 2,212 SF building featuring a double drive-thru, offering superior intrinsic value compared to 7Brew’s standard 950 SF modular stand prototype
• 7 Brew is one of the fastest growing coffee chains in the U.S. with over 350 locations across 32 states

• The site is just down the street from Uptown Station, a 254,000+ SF shopping center, that is anchored by Winn Dixie, Ross, Ulta, West Marine, Pet Supermarket, Five Below, and more
• Other nearby national/credit tenants include Chick-Fil-A, Taco Bell, Publix, Family Dollar, Popeye’s, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Fort Walton Beach attracts over 4 million tourists annually, drawn by its miles of sandy beaches and attractions, bolstering the local economy and customer base