TS Bank - Clinton, IL
2 Kelli Drive, Clinton, IL, 61727, US
5 955 000 $ | 936 mètres carrés
Descriptif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the newly constructed, single-tenant 7 Brew located at 2599 Wabash Ave in Springfield, IL (“Property” or “Asset”). The Property is occupied by Brew Horizons LLC (“Tenant”) — a leading 7 Brew franchisee with 37 locations — and is operating on a absolute NNN ground lease with 14.2 years of term remaining, 10% rent increases every 5 years, six, five-year options and zero landlord responsibilities.
7 Brew is widely recognized as one of the fastest-growing restaurant chains in America. The company has expanded from just 14 locations at the start of 2022 to over 777 by June 2026. This remarkable expansion is projected to continue, with an estimated 437 new franchised locations expected to open in 2026, potentially surpassing 1,000 units by the end of the year.
The Property occupies a premier location at the signalized intersection of Veterans Parkway and Wabash Avenue, capturing exposure from over 53,400 vehicles per day. Its strategic positioning adjacent to the Interstate55/72 interchange provides seamless connectivity throughout Illinois, with the Property situated just 1.5 miles from Interstate72, which generates 40,500 VPD and serves as a natural stopping point for interstate travelers seeking convenient amenities.
Situated within Springfield's most concentrated retail corridor, the Property functions as an outparcel to White Oaks Mall, which attracts over 2.6 million annual visitors (Placer.ai) and features anchor tenants including Michael's, Dick's Sporting Goods, and LA Fitness. The surrounding retail ecosystem is equally robust, with White Oaks Plaza directly opposite drawing 5.1 million annual visitors (Placer.ai). Additional neighboring centers feature prominent national retailers including Kohl's, Ross, TJ Maxx, Harvest Market, Sam's Club, Lowe's, and Best Buy, creating a proven destination for high-volume consumer traffic.
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Attributs
Durée restante du bail
14.2 années
Prix demandé
2 466 000 $
Taux de capitalisation
6,25 %
RNI
155 000 $
Année de construction
2025
Type de bail
Triple Net Absolu
Média
Points forts de l'investissement
Absolute NNN Ground Lease Structure: Zero landlord responsibilities.
Long-Term Lease Security: 14.2 years remaining on the ground lease term.
Built-In Rent Growth: 10% rent increases every 5 years.
Extended Renewal Options: Six 5-year renewal options.
Fastest-Growing QSR Beverage Brand: 7 Brew expanded from 14 locations in 2022 to over 777 by June 2026 with $2.6M average unit volumes.
Strong Franchisee Operator: Brew Horizons LLC operates 37 7 Brew locations with proven operational expertise.
Premier High-Traffic Location: Positioned at signalized intersection with 53,400+ VPD and 1.5 miles from Interstate 72 (40,500+ VPD).
White Oaks Mall Outparcel: Adjacent to White Oaks Mall (2.6M annual visitors) and White Oaks Plaza (5.1M annual visitors).
Affluent Trade Area Demographics: Population of 100,000+ within 5 miles with $112,000 average household income in the 3-mile radius.
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7-Brew - Springfield, IL (0 Propriétés)
