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7 Brew | Seller to Pay Buyer's Closing Costs 5309-5301 N Davis Hwy

510 SF Retail Building Pensacola, FL 32503 $1,518,000 ($2,976/SF) 6% Cap Rate

Investment Highlights

  • New, 15-year, absolute NNN ground lease with 10% rental increases every 5 years throughout the initial term and options
  • Outparcel to a Home Depot-anchored shopping center and adjacent to a new construction Smalls Sliders
  • Dense area | Over 63,000 residents within a 3-mile radius
  • Lease is guaranteed by 7Crew Enterprises, LLC who currently has 27+ units open with exclusive rights to parts of TX, FL, CO, NM, and OK
  • Located just off the signalized intersection of Davis Highway & Brent Lane which boasts a combined ±71,570 VPD
  • Blackstone, the world’s largest alternative asset manager, recently made a growth equity investment in 7 Brew Coffee

Executive Summary

PROPERTY HIGHLIGHTS
• New, 15-year, absolute NNN ground lease with 10% rental increases every 5 years throughout the initial term and options
• New construction asset
• Lease is guaranteed by 7Crew Enterprises, LLC who currently has 27+ units open (30+ expected by year-end) with exclusive rights to parts of TX, FL, CO, NM, and OK | Speak with Agent for details
• Outparcel to a Home Depot-anchored shopping center and adjacent to a new construction Smalls Sliders
• Located just off the signalized intersection of Davis Highway & Brent Lane which boasts a combined ±71,570 VPD
• Site is walking distance to:
• Cordova Mall | The largest and most upscale shopping center in the Pensacola area and the primary hub of the Cordova business district | ±930,000 SF anchored by Dillard’s, DICK’S, and Best Buy
• Ascension Sacred Heart Hospital | 566-bed hospital and includes the only children’s hospital in Northwest Florida
• I-110 which boasts ±68,450 VPD
• Baptist Hospital | 264-bed Level II Trauma Center
• A Target and Winn-Dixie-anchored shopping center
• A Publix-anchored shopping center
• Pensacola Square | A Hobby Lobby, bealls, and Big Lots-anchored shopping center
• Booker T. Washington High School | 1,778 students
• Cordova Commons | Shopping center anchored by Marshalls, Total Wine & More, and The Fresh Market
• Select Specialty Hospital – Pensacola | 60-bed facility
• A T.J. Maxx & HomeGoods-anchored shopping center
• Shopping centers anchored by Sam’s Club, Lowe’s, AMC, among others
• Asset is located in an income tax-free state
• Within 2 miles of:
• Pensacola State College | ±26,000 students
• Pensacola International Airport | 2.73MM+ annual passengers
• University Town Plaza | Shopping center anchored by BJ’s, JCPenney, Academy Sports + Outdoors, and Conn’s HomePlus
• Dense area | Over 63,000 residents within a 3-mile radius
7 BREW COFFEE HIGHLIGHTS
• 7 Brew is one of the fastest growing coffee chains in the U.S. with about 300 locations across 31 states | The concept is closing in on 3,100 franchised units sold and has already signed franchisee agreements with “best-in-class franchisees” such as Tacala Companies and K-Mac
Enterprises which are among the largest Taco Bell operators in the U.S.
• 7 Brew has an AUV of ±$2MM | Speak with Agent for details
• Blackstone, the world’s largest alternative asset manager, recently made a growth equity investment in 7 Brew Coffee | Blackstone has more than $1 trillion in assets under management
• The U.S. Coffee Market is expected to reach $28.06B in 2024 and is projected to grow at a CAGR of 3.69% annually by 2029
• Blackstone Announces Growth Investment in 7 Brew

Property Facts

Sale Type
Investment NNN
Sale Conditions
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$1,518,000
Price Per SF
$2,976
Cap Rate
6%
NOI
$91,080
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.97 AC
Zoning
HC/LI
Parking
13 Spaces (25.49 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

Nearby Major Retailers

Checkers
Orangetheory Fitness
Sky Zone
Krispy Krunchy Chicken
Miller's Ale House
Outback Steakhouse
Buffalo Wild Wings
Starbucks
Waffle House
Navy Federal Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
48-1S-30-2110-000-005
Land Assessment
$350,639
Improvements Assessment
$0
Total Assessment
$350,639
  • Listing ID: 33492017

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 5309-5301 N Davis Hwy, Pensacola, FL 32503

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