This 7 Brew is new construction and is part of the new Crown Square Mixed-Use Development with direct frontage on Malabar Road SE, at a traffic signal intersection. The lot is 0.93 acres and is being sold Fee Simple. This 7 Brew is brand new construction and opened in August 2023. Its an Absolute NNN Ground Lease with no Landlord responsibilities. Its a long term initial lease term with 9.5 years remaining and (3), five year lease options. The base rent increases 10% every five year period. This property is highly visibly with excellent ingress and egress adjacent to Super Walmart, Publix, Home Depot, Lowes and other national retailers along this dense nationally anchored retail corridor. This parcel is part of Crown Square 21+- acre major mixed-use development project consisting of over 250+- apartments on the rear portion and three other site completed pads prepared for sale or ground lease.
7 Brew average unit volume is over $2.4 million per site. This Franchisee is a Brew Horizons and is a very experienced major retail operator having operated a Top 15 convenience store chain nationally with 586 stores across eight states and extensive experience in store operations, finance and real estate. Founded in 2017, 7 Brew opened its first location in Rogers, Arkansas with its seven original coffees and is one of the fastest growing specialty coffee franchises in the industry. As of 2023, 7 Brew has more than 200 operating locations and committed to 1,200 additional stores. 7 Brew is a leading Franchisor recognized as QSR Magazines Breakout Brand of 2023. This store is located in Palm Bay, Florida, which is in Brevard County. The City of Palm Bay population is estimated over 122,000.00 making it the most populous city in the county and largest in land mass. This is an excellent investor opportunity to simply collect your rent every month with no responsibilities.
