7 Brew

Highlights:

• Brand New Double Drive-Thru 7 Brew Coffee investment property
• 20 year Ground Lease with renewal options
• 10% rental increases every 5 years
• Absolute NNN lease: no landlord responsibilities
• New Orleans MSA / Hammond LA
• Prime location on U.S. Route 190 with 29,200 VPD
• Adjacent 235,000 square foot shopping center: 1.9M annual visitors (Placer.ai)
• Near Division 1 college with 14,000+ students (Southeastern Louisiana University)
• Retail trade area draws from 20 mile radius (Placer.ai)
• Strategic/quick interstate freeway access for retailers and distribution facilities (Interstate 55 & Interstate 12)
• 7 Brew averages approximately $2.2M in sales per location; outperforming Dutch Bros and Scooters
• ‘Smile’ QSR brand prioritizing customer service and under 5 minute wait times
• 270+ locations and growing across the U.S.

Description:

Faris Lee Investments is pleased to present the rare opportunity to acquire a brand new, double drive-thru, long-term ground leased 7 Brew property located in Hammond, Louisiana. Hammond is part of the larger New Orleans-Metairie MSA and known as a major distribution hub for the region. The city has direct access to the Interstate 55 freeway (a major north-south corridor) and Interstate 12 (a major east-west corridor). This quick service coffee restaurant recently commenced a 20-year ground lease with 10% rental increases occurring every 5 years throughout the lease term. This brand new 7 Brew ground lease has zero landlord responsibilities, which ensures ease of ownership and makes this an ideal investment opportunity for a passive investor looking for a high-performing QSR tenant with a strong brand identity, quality product, and explosive brand growth nationwide.
7 Brew Coffee is a QSR brand taking over the beverage sector by storm. Highly desired by consumers because of their beverage products and ‘smile brand’ service, 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 principle 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. This 7 Brew site has experienced immense customer demand since its grand opening including a record setting grand opening.


The subject property is positioned in the middle of Hammond’s primary retail corridor and has frontage on Ronald Reagan Highway (29,200 VPD per Land Vision), which serves as the main artery through downtown Hammond. This 7 Brew location is also adjacent from the Town & Country shopping center, a grocery-anchored shopping center that includes Winn-Dixie, Petco, Ross, CVS, Office Depot, and more. Tenants in the immediate trade area benefit from direct access to Interstate 55 (+56,000 VPD), which is the main interstate freeway connecting New Orleans MSA to Chicago and other Midwest U.S. cities. National retailer tenants and major traffic drivers surrounding the site include Walmart Supercenter, Albertsons, Lowe’s, Rouse’s, Hobby Lobby and more. Additionally, there is a significant QSR presence approximate to the subject property including national brands Chick-Fil-A, Raising Cane’s, McDonald’s, Taco Bell, Starbucks, and Wendy’s.