Dutch Bros. Coffee (GL)

451 West Vandalia Avenue, Porterville, CA 93257

$1,571,400

Cap Rate 5.25%

Views: 25 DOM: 53 Updated: 05.10.24 Posted: 03.25.24 Status: Active

Summary

Price $1,571,400	Built/Renov 2024	Tenant Dutch Bros. Coffee (GL)
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 800	Lease Start 05-01-2024	#Units 716
Price/SF $1,964.25	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $82,500	R. Term 14.11	Ownership Ground Lease
Rent/SF $103.13	Increases 10.0%/5/yrs	Pop 5Mi 73,330
Lot/AC 0.74	Options 4/5yrs/10%	AHHI 5Mi $73,537

Lease Highlights

Brand-new 2024 construction | Drive-thru
Dutch Bros. to sign a new 15-year ground lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros. Coffee is strategically located at the signalized, hard corner intersection of W Poplar Ave/Hwy 190 and S Jaye Street, with access to a substantial combined daily traffic count of 67,700 vehicles. The property is located within Riverwalk Marketplace, anchored by Lowe’s, and is conveniently close to the Walmart Distribution Center and Porterville College. The immediate trade area is...

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Key Features

New construction
Hard corner intersection
High traffic 50M+ VPD
Dense retail corridor
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Porterville, California Zip Code 93257 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 :	8,991	43,322	74,805
2023 Total Population :	9,069	43,052	73,979
2023 Employed Civilian Pop :	2,760	15,395	28,578
2023 Total Businesses :	109	1,138	1,639
2023 Average Household Income :	$ 62,844	$ 63,100	$ 74,050
2023 Total Consumer Spending :	$ 135 M	$ 668 M	$ 1378 M
2023 Median Age :	28	29	31
2023 Total Households :	2,486	12,157	21,410
2023 Pop Age 25+: Bachelor's Degree :	212	1,939	4,133
2023 Average Home Value :	$ 223,356	$ 277,816	$ 302,448

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Leggett St	E Date Ave	2011	1,030	0.33 mi
E Date Ave	S Leggett St	2012	6,600	0.35 mi
E Success Dr	Ruth St	2011	940	0.36 mi
E Date Ave	S Ruth St	2006	5,900	0.36 mi
E Date Ave	S Leggett St	2011	8,470	0.40 mi
S Leggett St	E Date Ave	2011	2,690	0.41 mi
State Rte 190	S Plano St	2009	11,280	0.50 mi
E Orange Ave	S Maurer St	2010	1,900	0.54 mi
190	S Pike St	2018	12,000	0.60 mi
S Plano St	Poplar Ave	2009	15,926	0.65 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

162 Listings
6513 Views
73 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

163 Listings
6581 Views
74 Sold

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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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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