Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new 7 Brew Drive-Thru Coffee located in Midlothian, Virginia. This listing offers a brand new, 15-year, triple net ground lease with three, five-year renewal options. There are 10 percent rent increases every five years throughout the base term and option periods. This is a new location, currently under construction and targeting to open February 1, 2025. Rent will commence January 1, 2025. This is a franchise guaranteed lease with Coffee Creamer Ventures, LLC, with personal guarantees from four individuals. 7 Brew Drive-Thru Coffee was founded in 2017 in Fayetteville, Ark. and has over 10,000 employees across 283 locations. Franchise, Coffee Creamer Ventures, LLC has purchased the rights to develop and operate 22 brand-new 7 Brew Drive-Thru Coffee locations in the greater Richmond, Virginia area. Midlothian, Virginia is located in the Richmond metropolitan area. The Subject Property is 12 miles from downtown Richmond, the capital city of Virginia and one of the largest and fastest growing cities in Virginia. The surrounding area has a population of nearly 125,000 within five miles of property and 533,435 in 10 miles. Midlothian is an affluent community with a household income above national average at $113,264 in one mile of the Subject Property, and $126,387 in five miles. The Property has excellent access and visibility to more than 77,0000 vehicles daily at a signalized intersection of Midlothian Turnpike and Courthouse Road. In addition to being a prime location in a major retail corridor, the property is catty-corner from Chesterfield Towne Center, the largest enclosed shopping mall in the Richmond market with 120 retailers. This Property is also conveniently positioned across from a planned mixed-use development, featuring residential and retail, anchored by Whole Foods Market.