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 property benefits form being located directly across from the #1 most visited Walmart in the State of Kansas (#55Nationally of 3.884 Stores) per Placer Ai.
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 - Zero Landlord Responsibility
- Two Tenant Investment in Stand Alone Buildings
- Directly Across from #1 Most Visited Walmart in State of Kansas (#55 Nationally)
- More than 15,000 VPD on McCall Rd.
- More than 40,700 People within a 3 Mile Radius
- Median Home Value $269,839 within 5 Mile Radius
- Average HH Income More than $136,000 within 5 Miles