7 Brew Drive-Thru | Texas | $90K NOI

Highlights:

• New Construction, Dual Drive-Thru 7 Brew Coffee property in Odessa, Texas
• Corner parcel with visibility and access to 8th Street (32,000+ VPD)
• Pad to Grocery Center and 67k sf Business Plaza
• United Grocery Supermarket: 760,000 visitors in the last 12 months
• ICA Business Plaza tenant mix: medical, financial services, etc.
• Proximate to major regional medical centers / massive high schools
• 108,000+ residents within 5-mile radius of subject property
• Odessa TX: (+/-) 5.0% population growth since 2020
• Odessa TX expects to have more than 215,000 residents by 2040
• Midland-Odessa TX region supplies 40% of all U.S. oil
• Texas: the #2 fastest growing state in the country (World Population Review)
• No state income tax
• 2nd Largest 7 Brew Coffee Franchise Operator in system
• Long term 15 Year Lease Term with 10% rental increases
• Absolute NNN Ground Lease - Zero Landlord Responsibilities
• Better brand average sales volumes VS Dutch Bros & Scooters

Description:

Faris Lee Investments is pleased to present the opportunity to acquire a new, dual drive-thru 7 Brew Coffee property located in Odessa, Texas. This subject property is strategically positioned with frontage and access to 8th Street (32,000+ VPD), a key east-west thoroughfare serving the Odessa market. 7 Brew Coffee opened July 2024 and commenced a brand new, 15-year, Absolute NNN ground lease with 10% rental increases every 5 years – providing an investor with a hedge against inflation and increasing cash flow. The long-term lease, 7 Brew’s brand momentum, and the absence of landlord responsibilities create an outstanding investment opportunity for a passive investor.

The subject property is surrounded by community drivers: Odessa Regional Medical Center (211 beds / 700+ employees), Medical Center Hospital (100,000+ patients annually), Odessa High School (3,700+ students), Permian High School (4,100+ students) and the University of Texas Permian Basin (5,700+ students). The asset sits on a corner parcel with superior visibility and access to 8th Street, whilst fronting the United Supermarket and ICA Business Plaza. Midland-Odessa is well known for its population growth and success in the energy / natural resource sectors, supplying about 40% of the United States oil production. The offering in Odessa TX is backed by 7 Brew’s second largest franchise operator, further enhancing the strength and stability of the opportunity for an investor to acquire a best-in-class Coffee QSR investment property with strong real estate fundamentals.

Odessa, Texas, located in the heart of the Permian Basin in Ector County, is a dynamic city defined by its pivotal role in the American energy sector. Its economy is dominated by oil and gas exploration and production, a powerful engine that fuels a robust and interconnected ecosystem of logistics, advanced manufacturing, retail, and healthcare services. This comprehensive industrial base supports an industrious, blue-collar workforce for a city of over 115,000 residents. Strategically positioned along Interstate 20 and served by the nearby Midland International Air and Space Port, Odessa’s infrastructure solidifies its status as a vital industrial and commercial hub for all of West Texas.

Beyond its industrial prowess, Odessa’s identity is shaped by a strong sense of community and a rugged, resilient spirit, famously reflected in its passionate high school football culture. The city also boasts a surprising depth of cultural attractions, offering unique experiences like a world-class replica of Shakespeare’s Globe Theatre and the esteemed Presidential Archives and Leadership Library. This blend of hardworking tradition with unexpected cultural and modern amenities creates a unique and family-oriented environment, making Odessa not just an economic center, but also a significant cultural touchstone in the region.