Marion, IL - 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, 7 Brew Coffee investment property located in Marion, Illinois. The tenant, Brew Horizons LLC, recently signed a brand new 15 year lease with 6 (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 franchisee is a 25 unit franchisee who has invested $40 million in cash into the business, with a $150 million equity commitment from investors.

The 7 Brew is located near the signalized, hard-corner intersection of State Hwy 13 and Williamson County Pkwy, which combine to average over 35,200 vehicles passing by daily. State Hwy 13 is a major retail thoroughfare serving the city of Marion. The 7 Brew is conveniently located directly across from Illinois Star Center Mall, one of Marion’s largest shopping centers, complete with national tenants including Target, Dillard’s, Planet Fitness, and many more. The asset is also positioned across from a Walmart Supercenter and Home Depot. In addition, 7 Brew is also located less than 1 mile from a Sam’s Club. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Menard’s, Take 5 Oil Change, Texas Roadhouse, Olive Garden, Panera Bread, Raising Cane’s, Starbucks, Dunkin Donuts, several hotels, and several car dealerships, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 28,800 and 21,100 employees. The 1-mile trade area boasts an affluent average household income of $120,629.