Description

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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