Columbia, MO - 7-Brew

Description:

• The tenant currently has 8+ years remaining on their initial lease with
4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• 7 Brew is a rapidly growing beverage brand, with more than 600 locations, that is revolutionizing how customers experience drive-thru coffee service and think about their morning energy boost
• The rent increase in 2029 will bringing the cap rate to a 6.32%

• The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Aldi, McDonald’s, Planet Fitness, Taco Bell, O’Reilly Auto Parts and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The subject property is in close proximity to Gentry Middle School (730 students) and Rock Bridge High School (2,056 students), further increasing traffic to the trade area
• 3 miles to University of Missouri (Mizzou) with 31,600 enrolled students
• According to Placer.ai, this 7 Brew gets around 500K visits per years vs the Starbucks down the road with around 280K visits

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Listing ID: a28TP000002EyUbYAK