Leesburg, FL - 7 Brew

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the Leased Fee interest (land ownership) in an absolute NNN leased, freestanding, 7 Brew Coffee investment property located in Leesburg, Florida (Orlando MSA). The tenant, 7 Crew Florida, LLC recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% 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 newly constructed building that opened in Feb. 2024 features a state of the art design with high-quality materials. Founded in February 2017, 7 Brew was born from a desire to change drive-thru coffee into a fun, with now more than 215 locations across the United States.

The 7 Brew Coffee is located along N. 14th St which averages 34,700 vehicles passing by daily. The subject property is located directly across the street from a Publix anchored center, further increasing consumer traffic to the immediate trade area. The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Big Lots, Bealls, McDonald’s, Autozone, O’Reilly Auto Parts, Family Dollar, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset benefits from close proximity to UF Health Leesburg Hospital (48 beds), further increasing consumer traffic to the immediate trade area. The 5-mile trade area is supported by over 56,000 residents and 21,000 employees. Residents within a 5-mile radius of the subject property have an average household income of $74,474.