Jeffersonville, IN - 7 Brew

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, newly built, drive-thru equipped, 7 Brew Coffee investment property located in Jeffersonville, IN (Louisville MSA). The tenant, Brew Team KY, LLC, recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is personally guaranteed for the first 5 years if tenant is in good standing, and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2017, 7 Brew has quickly become among the leading coffee chains with 186 operating locations.

7 Brew is strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 vehicles passing by daily. The asset benefits from nearby access onto Interstate 65 (109,000 VPD) and Interstate 265 (68,000 VPD), making this an ideal and centralized location with easy commutes. 7 Brew is ideally situated as an outparcel to Jeffersonville Town Center, a major Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx. The additional nearby shopping centers include Waterford Park North (217K+ SF), Waterford Park South (124K+ SF), River Falls Mall (957K+ SF), and others. The surrounding national/credit tenants include Menards, Walmart Supercenter, Target, Lowe’s, PetSmart, Meijer, and others. The strong tenant presence drives a loyal, local customer base to the trade area and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Colonial Village (100 units), Armstrong Farm (168 units), Yellowwood Terrace (202 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 130,800 residents and 83,800 daytime employees, with a healthy average household income of $78,754.