Bowling Green, KY - 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, corporate guaranteed, 7-Brew investment property located in Bowling Green, Kentucky. The tenant, Brew Team KY, LLC has over 14 years remaining on the initial term with 3 (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 a passive investor.

The 7-Brew is located near the signalized, hard corner intersection of Nashville Road and Dishman Lane with a combined (38,500 VPD). Nashville Road, is a major retail thoroughfare serving the city of Bowling Green. Additionally, the site is complete with a drive-thru, providing ease and convenience for customers. Furthermore, the property is located a few miles west of Shoppes at Gary Farms, a 107,000 square foot shopping center that is anchored by Dick’s Sporting Goods, Burlington, PetSmart, and more. Moreover, the asset is situated just west of Greenwood Mall, a 848,000 square foot super regional mall that is anchored by Dillard’s, Old Navy, Dunham’s Sports, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Target, T.J. Maxx, Kohl’s, Meijer, Kroger, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Western Kentucky University (16,700 Students), a major university that helps draw consumers into the area. The 5-mile trade area is supported by a population of over 99,200 with an average household income of $82,269.