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Views: 116 Updated: 01.09.24 Posted: 08.15.23 Status: Inactive

Summary

Price $1,238,000
Built/Renov 2023
Tenant Dutch Bros. (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 09-01-2023
#Units 716
Price/SF $1,303.16
Expiration 09-01-2038
Tenant Type Fast Food/QSR
NOI $65,000
R. Term 13.9
Ownership Ground Lease
Rent/SF $68.42
Increases 10.0%/5/yrs
Pop 5Mi 190,384
Lot/AC 1.00
Options 4/5yrs/10%
AHHI 5Mi $65,438

Lease Highlights

  • Brand new 2023 construction
  • Dutch Bros recently signed a brand new 15-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Boersma Bros. LLC (NYSE: BROS)

Location Description

This newly constructed Dutch Bros is strategically located along Buddy Owens Boulevard with access to 23,700 vehicles per day. The site benefits from its location across from a Walmart anchored shopping center with tenants including Verizon, Subway, Game Stop, Jack in the box and more. Additional national/credit tenants in the area include Little Caesars, Chick-fil-A, Applebee’s, McDonalds,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dutch Bros.
  • 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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Listing Broker

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