7 Brew & Pizza Hut

Investment Overview

Fortis Net Lease is pleased to present this offering for an absolute NNN Ground lease Investment on approximately 1.7 acres. The Tenants are 7 Brew and Pizza Hut in separate buildings and on separate leases. The properties are currently on one parcel and must be purchased together. A future Owner may split them if desired. The 7 Brew is brand new construction 7 Brew Coffee Ground Lease Investment opportunity in Memphis (Bartlett), TN. The tenant, 7B Memphis, LLC will sign a new 15 year absolute NNN Ground Lease at the Close of Escrow making this a hands off investment for the Landlord. The lease will include 8.0% increases every 5 years. These increases will also be included in the Four, 5 year option periods. 7B Memphis currently operates 6 units and will have a total of 10 units open by the end of 2026. The Pizza Hut was built in 2023. The tenant is MJC Huts, LLC and is in the 3rd year of a 15 year absolute NNN Ground Lease. This lease also includes 8.0% increases every 5 years. These increases will also be included in the Three, 5 year option periods. MJC Huts is a long time multi-State Pizza Hut Operator with 30 locations currently under management.

Investment Highlights

• ABSOLUTE NNN GROUND LEASE INVESTMENT – Two separate absolute NNN ground leases provide a truly hands-off investment structure with minimal landlord responsibilities.
• TWO-TENANT INVESTMENT – The offering combines 7 Brew and Pizza Hut on approximately 1.7 acres, with each tenant occupying a separate building under its own lease.
• BRAND NEW 7 BREW GROUND LEASE – 7B Memphis, LLC will execute a new 15-year Absolute NNN Ground Lease at closing.
• CONTRACTUAL RENTAL GROWTH – Both leases feature 8.0% rent increases every 5 years, providing built-in income growth.
• EXTENDED OPTION PERIODS – 7 Brew includes four 5-year renewal options, while Pizza Hut includes three 5-year renewal options, with the 8.0% increases continuing through the options.
• GROWING 7 BREW OPERATOR – 7B Memphis currently operates six locations and plans to have 10 units open by the end of 2026.
• ESTABLISHED PIZZA HUT OPERATOR – MJC Huts, LLC is a long-time multi-state Pizza Hut operator with 30 locations currently under management.
• PROVEN PIZZA HUT TENANCY – The Pizza Hut property was built in 2023 and is currently in the third year of its 15-year Absolute NNN Ground Lease.
• SEPARATE LEASES & BUILDINGS – Each tenant operates from a separate building and is secured by its own lease, providing diversified contractual income.
• FLEXIBLE FUTURE OWNERSHIP – The properties are currently located on one parcel and must be purchased together, with a future owner having the option to split the parcel if desired.