Overview

Description

Faris Lee Investments is pleased to present the rare opportunity to acquire a brand new, double drive-thru, long-term net leased (fee simple interest) 7 Brew property in Pittsburg, Kansas. The subject property is under construction and will be located adjacent to both Home Depot and Walmart Supercenter anchored shopping centers. This quick-service coffee restaurant will be commencing a fresh 15+ year lease with 10% rental increases occurring every 5 years of the lease term at the close of escrow. This brand new 7 Brew property has zero landlord responsibilities, which makes it the ideal investment opportunity for a passive or out-of-state investor looking for a high-performing QSR tenant with a strong brand identity.

7 Brew is a QSR brand taking over the beverage sector by storm. Highly desired by investors because of their beverage products and simple concept, 7 Brew is a growing rapidly across the United States. Founded in Arkansas during 2017, the company is now planning for over 3,000 stores nationwide. 7 Brew operates by the principal of serving all customers less than 5 minutes from when they enter the double drive-thru lanes. The company’s beverage selections, efficiency, and double-drive-thru equipped properties make the concept highly attractive to consumers.


The subject property is located on the main retail thoroughfare (Broadway Street) in Pittsburg KS. This 7 Brew location is positioned to benefit from the customer synergy and vehicle traffic Walmart Supercenter and Home Depot both create for the immediate trade area. Additionally, the double drive-thru building prototype is ideal for students needing beverages before/after class from Pittsburg State University, Pittsburg High School, and Frontenac High School (all within 3 miles of this upcoming 7 Brew location). To satisfy the region’s demand and loyalty for the brand, this 7 Brew property is strategically located only 83 miles from the original 7 Brew store in Rogers, Arkansas.

Highlights

• New Construction, Double Drive-Thru 7 Brew Property near the Brand’s ‘hometown’ of Rogers, Arkansas
• Strategically located adjacent to Home Depot & Walmart Supercenter anchored shopping centers
• Positioned on Broadway (10,700+ VPD), a main retail thoroughfare connecting downtown Pittsburg and Pittsburg State University to national retailers and QSR tenants
• 2.80 miles away from Pittsburg State University
• Adjacent to Highway 160 (12,000 VPD) which connects Pittsburg to Interstate 49
• The “Four State Area”, approximate to four different Midwest / Southern States
• Kansas Crossing Casino & Hotel
• Subject property out-positions national coffee QSR competition in trade area
• Long Term NNN ‘Sale-Leaseback’ with Rental Increases every 5 Years
• Absolute NNN Lease: Ultimate Ease of Management for Investor
• Low Replaceable Rent / 4.50% Projected Rent to Sales Ratio
• Better Average Unit Sales Volumes VS Dutch Bros and Scooters

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