|
INVESTMENT HIGHLIGHTS
LONG TERM LEASE: The new construction 7 Brew Coffee consists of a 500 square foot building on a 0.87-acre parcel of land. 7 Brew Coffee has 14+ years remaining on their Triple Net (NNN) Lease with two (2), five-year renewal options.
ATTRACTIVE RENT INCREASES: The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: The property is strategically located along US Highway 19, the area’s primary commercial corridor, and is seconds from US Highway 84, a significant commuter corridor. 7 Brew Coffee is shadow anchored by a Lowe’s and Publix, is surrounded by national retailers and restaurants and is minutes from Archbold Memorial and Medical Center, all of which drive traffic to the area. Additionally, the Property is encircled by the area’s dense residential neighborhoods and is close to several area schools providing a built-in customer base.
|