LaPlace, LA - 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, freestanding, 7Brew investment property located in LaPlace, Louisiana (New Orleans MSA). The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term 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. Founded in 2017, 7 Brew was born from a desire to change drive-thru coffee into a fun, mind-blowing experience for everyone and currently has over 295 locations.

7 Brew is strategically located near the signalized, hard corner intersection of W. Airline Highway and Hemlock Street, averaging a combined 46,800 vehicles passing by daily. Furthermore, the site benefits from nearby access to State Highway 3188 (16,400 VPD), making this an ideal, centralized location with easy commutes. The subject property is strategically located across the street from Riverlands Shopping Center, a 207,000 SF community center anchored by Matherne’s Supermarket, Planet Fitness, Dollar Tree, Harbor Freight, CVS, and more. Other nearby national/credit tenants include Walmart Supercenter, Aldi, Winn Dixie, Home Depot, Big Lots, Walgreens, Anytime Fitness, and more. Strong tenant synergy increases consumer draw tot eh immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is within walking distance from Place Duborg (116 units) Belle Terre Village (60 units), River Oaks Apartments (59 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 39,000 residents and 13,000 daytime employees who earn an average household income of more than $85,000.