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32293338
32293330

2105 Martin Luther King Jr Blvd, Panama City, FL 32405

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$1,985,000
77 days on market
Updated 26 days ago

7 Brew Ground Lease | New Construction

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 540
Net Rentable (SqFt) 540
Cap Rate 6.05%
NOI $120,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Chick-fil-A (+5)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 04/29/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options 5, 5-Year Options
Price per SqFt $3,676
Broker Co-Op Yes
Year Built 2026
Acreage 0.980
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 04/12/2026
Occupancy Date 04/12/2026
Ground Lease Yes
Sale Condition 1031 exchange

7 Brew Ground Lease | 6.05% CAP | Just Opened!

Marketing description

7 BREW | 7 CREW | FRANCHISE EQUITY PARTNERS

• 7 BREW IS A RAPIDLY EXPANDING NATIONAL BRAND | 500+ LOCATIONS CURRENTLY

• STORE AVERAGE UNIT VOLUME OF $2,000,000+/-

• 7 CREW IS THE 2ND LARGEST FRANCHISEE FOR 7 BREW

• 7 CREW RECENTLY SOLD MAJORITY STAKE TO FRANCHISE EQUITY PARTNERS (“FEP”)

• FEP PLANS TO GROW TO 200+ LOCATIONS OVER THE NEXT 5 YEARS

• FEP GENERATED OVER $3.9 BILLION ACROSS 10 PORTFOLIO COMPANIES

Investment highlights

INVESTMENT HIGHLIGHTS

• BRAND NEW 2026 CONSTRUCTION | APRIL OPENING

• NEW 15-YEAR ABSOLUTE NNN GROUND LEASE

• 10% RENTAL INCREASES EVERY 5 YEARS

• NO LANDLORD RESPONSIBILITIES

• NATIONAL BRAND EXPANDING ACROSS THE COUNTRY STRONG RETAIL CORRIDOR

• 80,000+ 5-MILE POPULATION AND GROWING

• 23,500 VPD ON MARTIN LUTHER KING JR BLVD

• IMMEDIATE RETAILERS: HOBBY LOBBY, BURLINGTON, LOWE’S, STARBUCKS, MCDONALD’S, CHICK-FIL-A AND MORE

Listing Contacts

RP
GA 380053
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
6.05%
Cap Rate
6.05%
ROI

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Additional Information

Name
Ryan Nee
License
FL 3154667
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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