Fort Myers, FL - 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, new construction, drive-thru equipped 7 Brew Coffee investment property located in Fort Myers, Florida. The tenant, 7Crew Florida, LLC, recently signed a new 15 year lease with 5 (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. 7Crew Florida, LLC currently operates 32+ brand locations across Texas, Oklahoma, Florida, Colorado, and New Mexico, and has 11 locations under construction. 7 Brew is one of the fastest growing coffee chains in the country with 343+ locations and has already sold 3,100+ franchised units.

The property benefits from excellent visibility and access along College Parkway, a heavily trafficked retail thoroughfare which sees 39,700 vehicles passing daily. The thoroughfare intersects with the Cape Coral Bridge (55,000 VPD), providing a direct connection to the densely populated and affluent neighborhoods of Cape Coral. 7 Brew will receive significant crossover retail exposure from its position as an outparcel to a Walmart Market-anchored shopping center, which includes tenants such as Anytime Fitness, Harbor Freight, Dollar Tree, and Fifth Third Bank. Other national retailers in the located along College Parkway include Sprouts Market, Starbucks, and McDonald’s. Directly across the street is the Publix-anchored SouthPointe Commons shopping mall, as well as the newly constructed luxury apartment complex, The Inspiration at South Pointe, which offers 296 units ranging from $1,700 to $3,100. Furthermore, the nearby Lakes at College Pointe apartments offer an additional 424 units. The property is in close proximity to Florida Southwestern State College, with over 14,000 students across its 420-acre campus. The 5-mile trade area includes over 163,900 residents and 102,200 employees, with an average household income of $101,695.