Investment Overview

Marcus & Millichap is pleased to present the 7 Brew in Muncie, Indiana. This 529 square foot 7 Brew was built in 2023 and sits on about 0.32 acres. 7 Brew signed an original 20-year lease that commenced in February of 2024 and is set to expire in February of 2044, leaving more than 19 years left on the lease. There are rare annual rent increases, providing rent growth and a hedge against inflation for a future investor. There are four, five-year renewal options available, each of which having a one percent rent increase. The lease is absolute net, with the landlord having zero landlord responsibilities. The lease is guaranteed by 7Venture, Inc. which is 7 Brew’s largest franchisee with 40 locations across seven states. Muncie is a college town, home to Ball State University, which has enrollment surpassing 20,440 students. 7 Brew is perfectly positioned about 0.6 miles from the campus, providing a coffee spot for college students just a short drive or walk away. McDonald’s and CVS both sit adjacent to the property across the street. Kroger, Pay Less, Starbucks, Arby’s, Dunkin, KFC, Wendy’s, Walgreens, and Taco Bell are all down the street as well. The IU Health Ball Memorial Hospital is located on the North side of West Jackson Street and is another major economic and traffic driver in the area. The demographics are dense, with more than 86,000 residents within 5 miles of the site, with the average daytime population exceeding 102,000 people. 7 Brew was founded in 2015. As of February 2024, each 7 Brew Coffee drive-thru location generates about $2.35 million in annual sales. The franchisee has commitments for more than 2,500 additional locations. The concept is known for its wide assortment of custom drinks, which can be prepared in more than 20,000 combinations.