7 Brew | New 15yr Abs NNN | 2816 Joseph Cannon Way
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7 Brew | New 15yr Abs NNN 2816 Joseph Cannon Way
510 SF Retail Building Marion, IL 62959 $1,538,000 ($3,016/SF) 6.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Options To Extend
- Signalized, Hard-Corner Intersection (35,200 VPD) | Excellent Visibility | National Tenant Presence
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities | Strong Franchisee
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, 7 Brew Coffee investment property located in Marion, Illinois. The tenant, Brew Horizons LLC, recently signed a brand new 15 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% 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 franchisee is a 25 unit franchisee who has invested $40 million in cash into the business, with a $150 million equity commitment from investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
510 SF
Year Built
2023
Price
$1,538,000
Price Per SF
$3,016
Cap Rate
6.50%
NOI
$99,970
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Land Acres
0.62 AC
Zoning
Highway Commercial
Parking
7 Spaces (13.73 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- 7 Brew
- Accommodation and Food Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
7 Brew | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
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7 Brew | New 15yr Abs NNN | 2816 Joseph Cannon Way
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