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Ruston, LA - 7 Brew
1110 Cooktown Rd | Ruston, LA 71270
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, 7 Brew investment property located in Ruston, Louisiana. The tenant recently signed a brand new 15-year lease with 3 (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, Brew Crew, successfully operates over 30 locations, with the rights to another 100+ locations. The group was awarded Franchisee of the Year in 2023, with a system-best AUV of $2.4 million.
Location
The 7 Brew is located at the hard corner intersection of Cooktown Rd and Gains Ave. The site will benefit from direct access to Interstate 20 (59,200 VPD). Cooktown Rd is a major retail thoroughfare serving the city of Ruston (20,000 VPD). The asset is located less than 0.50 miles from both Louisiana Tech University (8,700+ students) and Ruston High School (1,300+ students). The asset is adjacent to the Shoppes at Tech Drive, a 6,800+ square foot shopping center, complete with several local tenants. In addition, 7 Brew is also across Interstate 20 from a 92,000+ square foot Hobby Lobby anchored shopping center, with other tenants including TJ Maxx, Ulta, and Five Below. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Chick-fil-A, Raising Cane’s, Starbucks, Zaxby’s, Take 5 Oil Change, and many more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 34,500 with an average household income of $59,704.
Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226