Bradenton, FL - 7 Brew

Description:

• 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 tenant and guarantor is 7 Crew Enterprises, LLC, one of the largest
7- Brew franchisees in the system with 32+ locations open and operating with an additional 41 sites scheduled to open by year end
• The site is a newly-constructed, drive-thru equipped building with modern amenities and design
• 7 Brew is an industry leader with an AUV over $2MM and an average EBITDAR of $426,000 in 2024
• Founded in February 2017, 7 Brew was born and now is one of the fastest growing coffee chains in the U.S. with over 440+ locations across 34 states

• The site is situated as an outparcel to a shopping center that is anchored by Ross, Michael’s, and Five Below
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Home Depot, Crunch Fitness, Wawa, Dick’s, O’Reilly Auto Parts, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the subject property is in close proximity to Southeast High School (1,716 students), Rowlett Academy (918 students), and Bay Club Apartment Homes (150 units), further increasing consumer traffic to the area