Investment Offering - 7 Brew Coffee
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Overview / Comments
Qualified investors are extended the opportunity to acquire a 100% fee simple interest in an absolute net ground lease, free-standing, drive-thru 7 Brew Coffee. The 7 Brew franchisee recently signed a brand new 15-year lease with 4 (5-year) options. The lease features a 10% rental increase every 5 years, with 10% increases at the beginning of each option period.
The subject property is located in one of the fastest growing suburban neighborhoods of Louisville, KY. The immediate area is densely populated with nearly 60,000 residents and an average household income of nearly $100,000 within a 3-mile radius. This underserved Southeast Louisville area continues to see rapid growth with multiple new commercial and multi-family housing developments. The site benefits from its position along heavily trafficked Bardstown Road with over 43,000 VPD and its close proximity to Gene Snyder Freeway (I-265), Louisville’s outer beltway.
Attachments & Media
|Tenant Business Name
||7 Brew Coffee
||Accommodation and Food Services
||10% rental increase every 5 years, with 10% increases at the beginning of each option period
||Extension Options | Four (4) Five (5) year options:
Years 16 - 20: $146,410
Years 21 - 25: $161,051
Years 26 - 30: $177,156.10
Years 31 - 35: $194,871.71
||7 Brew began with 7 original coffees, which they served at their first “stand” in Rogers, AR. Their goal was to bring premium coffee to customers in a fast and convenient way, along with the excellent customer service their “Brew Crew” is known for. 7 Brew continues to see rapid growth throughout the U.S. with over 130 store openings since they were founded in 2016. Their stores feature canopied double drive-thru lanes and offer 20,000+ customizable drinks including espresso-based coffee, teas, smoothies, shakes, energy drinks and flavor-infused sparkling water.
||C-1 - Commercial District
||General, Family, Traveler
|Property Located Between:
||Bardstown Rd and I-265 (Gene Snyder Freeway)
|Largest Nearby Street:
||I-265 (Gene Snyder Freeway)
||Concrete, Metal Siding
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