Overview

Description

Tobin Real Estate, Inc. is pleased to exclusively represent and feature for sale a brand-new free-standing Absolute NNN Seven 7 Brew Coffee Ground Lease in the brand-new Crown Square Mixed-Use Development in Palm Bay, Florida. There is zero Landlord responsibility. This is a newly constructed investment located on a hard traffic signal intersection at (Malabar Road SE and Valor Drive) 111 Valor Drive, Palm Bay, Florida 32909. This asset has major frontage directly on Malabar Road just west of I-95, which is a major nationally anchored retail corridor adjacent to Publix, Home Depot, Super Walmart, Lowes, Walgreens, CVS, Texas Roadhouse, TD Bank, Bank America, Taco Bell, Harbor Freight, Wendy’s, Planet Fitness, Chick-filet, McDonald’s, Sonny’ BBQ, WAWA, Shell, 7-Eleven, Sherman Williams, Advanced Auto, Tire Kingdom and many more. This asset has a new Ten (10) Year Initial Lease Term, with Lease Options. The Base Rent increases 10% each five-year period. The Franchisee Brew Horizons, LLC is a very experienced major retail operator having operated a Top 15 convenience store chain nationally with 586 stores across eight states and extensive experience in store operations, finance and real estate. This operator already has eight 7 Brew’s opened and three under construction with a commitment to expand up to seventy stores in the Southeast Region. Founded in 2016, 7 Brew opened its first location in Rogers, Arkansas with its seven original coffees and is one of the fastest growing specialty coffee franchises in the industry. As of 2023, 7 Brew has more than 200 operating locations and committed to 1,200 additional stores. 7 Brew is revolutionizing specialty coffee with speedy service and
engagement focusing on service in its double drive thru lanes and relationships with customers.7 Brew is a leading Franchisor recognized as QSR Magazine’s Breakout Brand of 2023.
7 Brew is located in Palm Bay, Florida, which is in Brevard County. The city population is estimated over 122,000 making it the most populous city in the county and largest by land mass. The historic section of the City of Palm Bay lies on the mouth of the Turkey Creek and the Palm Bay. It is part of
the Melbourne, Titusville Metropolitan area, which population is 606,612.

Highlights

• Absolute NNN Ground Lease
• Ten Percent Increases Every Five Years
• Long-Term Lease with 9.5 Years Remaining & 3-5 Year Options
• No Landlord Responsibility
• 7 Brew Average Unit Volume is over $2.4 Million Per Site
• New High Quality Construction - Built in 2023

Documents

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