Dutch Bros. Coffee (GL)

8975 North 90th Street, Scottsdale, AZ 85250

$835,000

Cap Rate 6.75%

Views: 70 DOM: 57 Updated: 04.22.24 Posted: 03.20.24 Status: Active 03.20.24

Summary

Price $835,000	Built/Renov 2021	Tenant Dutch Bros. Coffee (GL)
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 05-31-2021	#Units 716
Price/SF $878.95	Expiration 05-31-2036	Tenant Type Fast Food/QSR
NOI $56,400	R. Term 12.0	Ownership Ground Lease
Rent/SF $59.37	Increases 10.0%/2/yrs	Pop 5Mi 147,335
Lot/AC 1.16	Options 4/5yrs/10%	AHHI 5Mi $149,128

Lease Highlights

Dutch Bros has 12+ years remaining on the current ground lease term with 4 (5-year) options
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros is strategically located on North 90th Street, with access to 27,400 vehicles passing by daily. Additionally, it offers convenient access off Loop 101 Freeway, which sees a traffic count of 145,000 VPD. This location is part of Sierra Bloom, a newly developed 43-acre Class A mixed-use campus with medical, office, retail, and hotel spaces. Notably, the property is conveniently...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Scottsdale, Arizona Zip Code 85250 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dutch Bros. Coffee
Guarantor:Corp Traded
Company:Boersma Bros. LLC
# Units:716
Stock: NYSE: BROS

About Tenant

Dutch Bros. Coffee (NYSE: BROS) is a drive-through, specialty coffee chain with company-owned and franchised locations expanding throughout the western United States. The vast majority of its...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,668	58,804	149,254
2023 Total Population :	6,513	58,215	145,134
2023 Employed Civilian Pop :	3,325	30,126	78,203
2023 Total Businesses :	1,205	4,368	11,362
2023 Average Household Income :	$ 157,741	$ 166,435	$ 166,626
2023 Total Consumer Spending :	$ 458 M	$ 3818 M	$ 9698 M
2023 Median Age :	59	54	50
2023 Total Households :	3,402	27,112	68,692
2023 Pop Age 25+: Bachelor's Degree :	1,988	16,386	41,222
2023 Average Home Value :	$ 669,457	$ 698,133	$ 711,677

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N 90th St	E Doubletree Ranch Rd	2010	34,915	0.05 mi
North 90th Street	E Doubletree Ranch Rd	2019	12,231	0.08 mi
E Via Linda	N 90th St	2014	24,500	0.11 mi
E Via Linda	Pima Fwy	2010	11,326	0.16 mi
	N 90th St	2021	6,658	0.23 mi
	Pima Fwy	2021	14,664	0.25 mi
Pima Fwy	N 90th St	2015	13,414	0.26 mi
Pima Fwy	N 90th St	2015	9,708	0.28 mi
	N 90th St	2021	8,864	0.29 mi
	N 90th St	2021	12,238	0.30 mi

Listing Broker

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6561 Views
74 Sold

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6493 Views
73 Sold

Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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