Single Tenant 7 Brew
BRAND NEW 15-YEAR NNN GROUND LEASE | HIGHLY AFFLUENT TRADE AREA | 10% INCREASES EVERY 5 YEARS
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to 7 Brew, (the "Property") in Hazlet, a town in the central part of New Jersey approximately 20 miles south of New York City. 7 Brew operates on a new 15-year triple-net ground lease, providing stable, long-term cash flow. The leases include 10% rent increases every five years, offering built-in income growth and the triple-net (NNN) structure provides a passive, management free investment that is attractive to investors seeking predictable returns.
7 Brew occupies a premier corner position at the signalized intersection of New Jersey Route 35 (45,000 VPD) and Miller Avenue, offering exceptional visibility and consistent daily traffic exposure. The signalized access and corner configuration allow for seamless ingress and egress from multiple directions, supporting efficient circulation, strong customer flow, and optimal unit-level sales performance.
The property further benefits from its proximity, less than two miles, to Exit 117 of the Garden State Parkway, one of New Jersey's most heavily traveled regional corridors with approximately 182,900 vehicles per day. This strategic positioning provides convenient accessibility for both local residents and commuter traffic, significantly enhancing regional exposure and reinforcing the site's long-term retail viability.
Located within two miles of Raritan High School and Keyport High School, which together serve nearly 1,200 students, 7 Brew is well-positioned to capture demand from its core Gen Z demographic. The brand's expansive menu of over 20,000 customizable beverage combinations, including 7 Fizz sodas, 7 Energy drinks, and shakes, strongly resonates with younger, convenience-oriented consumers, driving repeat visitation, strengthening brand loyalty, and supporting consistent sales performance.
Situated within the New York City MSA, the largest metropolitan area in the United States with over 19.9 million residents, the property benefits from access to a vast and diverse consumer base, significant economic activity, and sustained retail demand. Additionally, the site is located in Monmouth County, one of New Jersey's most affluent and desirable regions. The surrounding trade area features a population of approximately 147,000 residents and 56,000 households within a five-mile radius, with strong average household incomes of approximately $175,000 within one mile, $161,000 within three miles, and $166,000 within five miles. These compelling demographics support long-term tenant performance, enhance income stability, and position the asset as an attractive opportunity for investors seeking exposure to a high-performing retail corridor.
Investment highlights
- LONG-TERM NNN GROUND LEASE WITH RENTAL INCREASES - 7 Brew operates on a new 15-year triple-net ground lease, providing stable, long-term cash flow. The leases include 10% rent increases every five years, offering built-in income growth and the triple-net (NNN) structure provides a passive, management free investment that is attractive to investors seeking predictable returns.
- PRIME SIGNALIZED CORNER LOCATION WITH HIGH TRAFFIC EXPOSURE - 7 Brew is strategically positioned at the signalized intersection of New Jersey Route 35 (45,000 VPD) and Miller Avenue, providing exceptional visibility and consistent traffic exposure. The corner positioning and signalization enhance accessibility, allowing for efficient ingress and egress from multiple points, which supports strong customer flow and unit-level sales performance.
- STRATEGIC ACCESS TO GARDEN STATE PARKWAY WITH HIGH TRAFFIC VOLUME - 7 Brew is located less than 2 miles from Exit 117 of the Garden State Parkway, a critical regional artery connecting Cape May to the New Jersey/New York border. With 182,900 VPD, this proximity provides the property with unparalleled regional exposure and convenient access for both local and commuter traffic.
- DENSELY POPULATED, AFFLUENT AREA - Situated in Monmouth County, one of New Jersey's most affluent regions, 7 Brew benefits from excellent surrounding demographics. Within a 5-mile radius, there is a population of 147,000 residents and 56,000 households. The average household income within the immediate 1-mile radius sits at $175,000; $166,000 within 5-miles; and $161,000 within 3 miles. The strong demographics of the area supports robust consumer demand, enhances long-term tenant stability, and makes the property particularly appealing to investors seeking exposure to a thriving, resilient retail corridor.
- BUSY RETAIL CORRIDOR WITH NATIONAL RETAILERS - 7 Brew is positioned within a bustling retail corridor along New Jersey Route 35 (45,000 VPD), surrounded by an array of established national retailers such as: Target, The Home Depot, Lowe's Home Improvement, Costco Wholesale, ShopRite, Stop & Shop, Lidl, Chase Bank, Bank of America, TD Bank, CVS Pharmacy, Kohl's, Burlington, Best Buy, Hobby Lobby, Marshalls, Five Below, PetSmart, Harbor Freight, Wawa, Texas Roadhouse, Panera Bread, McDonald's, Chick-Fil-A, Starbucks, and much more demonstrating the strength of the retail corridor.
- NEW YORK CITY MSA - 7 Brew in Hazlet is located just 20 miles southwest of New York City, within the New York City MSA, the largest metropolitan area in the United States with over 19.9 million residents. This proximity provides the property with access to a vast consumer base, significant regional economic activity, and strong retail demand, enhancing both tenant performance and long-term investment stability.
- STRATEGIC PROXIMITY TO TARGET DEMOGRAPHIC - 7 Brew is located less than 2 miles from Raritan High School and Keyport High School, which together enroll nearly 1,200 students. The brand's offering of over 20,000 beverage combinations, including 7 Fizz sodas, 7 Energy drinks, and shakes, directly appeals to Gen Z and younger, convenience-oriented consumers. This proximity to their core target market drives strong repeat traffic, reinforces brand engagement, and enhances the property's value proposition for investors seeking tenant locations with built-in demand.
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