7 Brew Double Drive-Thru | 20 Yr Lease 2307 W Thomas St

Broker of record: STEVEN R. REISIG, CCIM - Partner / Sponsoring Broker - License No. 14916A
Faris Lee Investments is pleased to present the rare opportunity to acquire a brand new, double drive-thru, long-term ground leased 7 Brew property located in Hammond, Louisiana. Hammond is part of the larger New Orleans-Metairie MSA and known as a major distribution hub for the region. The city has direct access to the Interstate 55 freeway (a major north-south corridor) and Interstate 12 (a major east-west corridor). This quick service coffee restaurant recently commenced a 20-year ground lease with 10% rental increases occurring every 5 years throughout the lease term. This brand new 7 Brew ground lease has zero landlord responsibilities, which ensures ease of ownership and makes this an ideal investment opportunity for a passive investor looking for a high-performing QSR tenant with a strong brand identity, quality product, and explosive brand growth nationwide.
The subject property is positioned in the middle of Hammond’s primary retail corridor and has frontage on Ronald Reagan Highway (29,200 VPD per Land Vision), which serves as the main artery through downtown Hammond. This 7 Brew location is also adjacent from the Town & Country shopping center, a grocery-anchored shopping center that includes Winn-Dixie, Petco, Ross, CVS, Office Depot, and more. Tenants in the immediate trade area benefit from direct access to Interstate 55 (+56,000 VPD), which is the main interstate freeway connecting New Orleans MSA to Chicago and other Midwest U.S. cities. National retailer tenants and major traffic drivers surrounding the site include Walmart Supercenter, Albertsons, Lowe’s, Rouse’s, Hobby Lobby and more. Additionally, there is a significant QSR presence approximate to the subject property including national brands Chick-Fil-A, Raising Cane’s, McDonald’s, Taco Bell, Starbucks, and Wendy’s.