Investment Highlights
15-year absolute NNN ground lease to 7 Brew
Brew Team TN, LLC has 31 stores open and operating, 8 stores currently under construction, and an additional 50 stores that will be opened in 2024
High-quality 2023 construction built to the latest 7 Brew prototype, featuring a dedicated dual-lane drive-thru
Leased to Brew Team TN, LLC, one of the largest 7 Brew franchisees in the entire system
10% rental increases every 5-years throughout the initial term and options periods
No landlord management, making this an ideal opportunity for an out-of-area or passive investor
Executive Summary
Prominent location along U.S. Route 321 / West Elk Avenue with access to more than 32,608 vehicles per day passing directly in front of the siteLocated less than two miles from U.S. Route 19E (21,240 AADT), a major thoroughfare connecting Elizabethton to Bristol, Tennessee and Asheville, North Carolina, allowing the site to capture an immense amount of commuter trafficBeneficial proximity to schools and employers, including Elizabethton High School (860 students), T.A. Dugger Junior High School (629 students), West Side Elementary School (370 students), and Sycamore Shoals Hospital (an award-winning 121-bed facility on a 27-acre medical campus)Immediately surrounded by major traffic-driving tenants such as Walmart Supercenter, Lowe?s Home Improvement, Harbor Freight Tools, Tractor Supply Co, Bealls Outlet, Food City, and many moreOther national retail chains in the area include Chick-fil-A, McDonald?s, Dairy Queen, Burger King, Zaxby?s Chicken Fingers & Buffalo Wings, Taco Bell, Apple Bee?s Grill + Bar, and Waffle House33,343 residents live within five miles of the property, creating a large and stable customer basefor the siteSupported by an average annual household income of $62,423 within a five-mile radiusProjected 16+% income increases within 1-, 3-, and 5-mile radii over the next five years poise 7 Brew and Elizabethton for steady concurrent growth
