Athens, GA - 7 Brew

Description:

• The tenant, Rocket Brew, Inc., recently signed a brand new 15-year lease with three (3) additional five-year renewal options
• Scheduled 10% rental increases every five years throughout both the primary term and option periods drive NOI growth and provide a built-in hedge against inflation
• Rocket Brew holds a multi-market franchise and development agreement with 7 Brew, with operating locations in Alpharetta, Johns Creek, Buford, Snellville, and Athens, and additional sites under control and development in Tucker, Sugar Hill, Lavonia, Milton, and other markets

• The property is adjacent to Clark Crossing Shopping Center, anchored by Academy Sports and featuring national co-tenants including Dollar Tree, Chick-fil-A, and Outback Steakhouse
• Clark Crossing attracts over 2.7 million annual visits, ranking in the 91st percentile nationally and 95th percentile in Georgia among comparable centers
• Situated within a dense retail corridor surrounded by other centers such as Athens Promenade, Athens West Shopping Center, and Georgia Square Mall
• Major new development activity is further enhancing the corridor, including a new QuikTrip, Tidal Wave Auto Spa, Whataburger, and Viridian Athens, a mixed-use project with 360,000 commercial SF and 1,338 planned residential units
• This dynamic mix of retail anchors and new development drives sustained foot traffic and reinforces long-term retail demand

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Listing ID: a28TP000001t06sYAA