Dutch Bros. Coffee (GL)

NEC of Highway 59 & Bellaire Boulevard, Houston, TX 77074

$1,596,153

Cap Rate 5.20%

Views: 165 DOM: 391 Updated: 10.25.24 Posted: 11.08.23 Status: Active

Summary

Price $1,596,153	Built/Renov 2023	Tenant Dutch Bros. Coffee (GL)
Cap Rate 5.20%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 935	Lease Start 10-01-2023	#Units 831
Price/SF $1,707.12	Expiration 10-01-2038	Tenant Type Fast Food/QSR
NOI $83,000	R. Term 13.10	Ownership Ground Lease
Rent/SF $88.77	Increases 10.0%/5/yrs	Pop 5Mi 558,334
Lot/AC 0.53	Options 4/5yrs/10%	AHHI 5Mi $121,154

Bob Moorhead

Secure Net Lease

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Lease Highlights

Brand new 2023 construction
New 15-year ground lease with 4 (5-year) options to extend
10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)

Location Description

This newly constructed Dutch Bros. is strategically located on the northeast corner of Bellaire Blvd. (48,920+ VPD) and Highway 59 (203,000+ VPD). It is positioned across the street from PlazAmericas, a 1 million+ SF shopping mall featuring over 150 stores with a diverse variety of retailers, restaurants, and entertainment. Other nearby national tenants include Circle K, Popeyes, Dairy Queen,...

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Key Features

New construction
High traffic 50M+ VPD
Dense retail corridor
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Houston, Texas Zip Code 77074 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:831
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. Most of its stores are...

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Listing Broker

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