Springfield, OH - 7 Brew

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Springfield, Ohio. The tenant recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The franchisee is Brew Team OH.

The 7 Brew is located at the signalized, hard-corner intersection of E Main St and N Belmont Ave, combining to average 30,500 vehicles passing by daily. E Main
St is a major retail thoroughfare serving the city of Springfield. The asset is adjacent to a 35,000+ square foot Save-A-Lot grocery anchored center with additional tenants including Family Dollar, Wingstop, H&R Block, and more. In addition, 7 Brew is located in close proximity to Eastside Square, a Walmart Supercenter anchored shopping center with Sonic, Bob Evans, and Fifth Third Bank outparcels. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Kroger, McDonald’s, Wendy’s, KFC, Walgreens, Dollar Tree, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 79,400 with an average household income of $70,249.