7Brew 800 N 14th St

800 N 14th St , Leesburg, Florida, 34748 | 510 sq.f | $ 1,750,000

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About This Restaurant

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Rapidly Growing Brand Across from Publix Anchored Center | Dense Retail Corridor | UF Health Leesburg Hospital (48 Beds) Strong Demographics in 5-Mile Trade Area | Orlando MSA Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Located Along N 14th St (34,700 VPD) | Excellent Visibility & Access

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the Leased Fee interest (land ownership) in an absolute NNN leased, freestanding, 7 Brew Coffee investment property located in Leesburg, Florida (Orlando MSA). The tenant, 7 Crew Florida, LLC recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% 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 lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly constructed building that opened in Feb. 2024 features a state of the art design with high-quality materials. Founded in February 2017, 7 Brew was born from a desire to change drive-thru coffee into a fun, with now more than 215 locations across the United States.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    510
  • Building Class    B
  • Year Built    2024
  • Price    1,750,000
  • Price Per SF    3,431
  • Cap Rate    6
  • NOI    105,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.01
  • Land Acres    0.97 AC

Amenities

  • Bus Line
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Nearby Amenities & Transportation

Retail Rent-A-Center
Retail Publix
Retail Planet Fitness
Retail Trustco Bank
Retail PNC Bank
Retail South State Bank
Retail Truist
Retail Bank of America
Retail Sonny's Real Pit Bar-b-q
Retail Krispy Krunchy Chicken

Property Taxes

Parcel Number 23-19-24-0003-000-04501 Improvements Assessment $392,302
Land Assessment $392,662 Total Assessment $784,964
Date Created: 2024-07-16 04:13:31 Last Updated: 2024-07-16 04:13:31
Address: 800 N 14th St , Leesburg, Florida, 34748