Navarre, FL - 7 Brew

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a brand-new, Absolute NNN Ground Lease investment, franchisee guaranteed by 7Crew, LLC. This asset is located at 8534 Navarre Parkway in the high-growth coastal community of Navarre, Florida. The tenant, 7Crew Florida LLC, has executed a new 15-year lease with four (4) five-year renewal options, showcasing a long-term commitment to this premier location. The lease includes 10% rental escalations every five years throughout the initial term and at the start of each option period, providing consistent NOI growth and a hedge against inflation. As a true absolute NNN lease, the tenant is responsible for all taxes, insurance, CAM, and maintenance, offering a passive, management-free investment ideal for passive investors, including those located out-of-state.

Strategically positioned along the high-traffic Navarre Parkway (U.S. Highway 98), the property benefits from excellent visibility, a drive-thru layout for operational efficiency, and direct access in both directions. The site is surrounded by national retailers and is adjacent to Navarre Square and the Shoppes of Navarre, anchored by Publix, Firehouse Subs, and UPS Store. Nearby tenants also include Winn-Dixie, Aldi, Verizon, Panera Bread, Culver’s, Domino’s, and Walgreens, with Walmart Supercenter, Target, Lowe’s, and The Home Depot just a few minutes away. This dense retail node promotes strong cross-shopping patterns and high consumer traffic. Navarre, often referred to as “Florida’s Best Kept Secret,” is experiencing significant residential and commercial growth, supported by nearby military bases including Hurlburt Field and Eglin Air Force Base.