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Views: 154 DOM: 212 Updated: 10.25.24 Posted: 04.23.24 Status: Active

Summary

Price $2,934,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 4.60%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 06-01-2024
#Units 831
Price/SF $3,088.42
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $135,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $142.11
Increases 10.0%/5/yrs
Pop 5Mi 48,952
Lot/AC 0.87
Options 3/5yrs/10%
AHHI 5Mi $170,996

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros Coffee is strategically located on Cameron Park Drive, with access to 25,550 vehicles passing by daily. Its location directly across from the Safeway-anchored Cameron Park Place Shopping Center and its proximity to El Dorado Freeway/US-50 (72,800 VPD) make it highly accessible. Surrounding retailers include upscale grocery stores such as Nugget Markets and Bel Air Market, as well as...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,909 25,989 49,657
2023 Total Population : 2,865 25,611 48,982
2023 Employed Civilian Pop : 1,333 11,408 22,024
2023 Total Businesses : 345 1,007 1,357
2023 Average Household Income : $ 119,871 $ 145,459 $ 170,994
2023 Total Consumer Spending : $ 128 M $ 1198 M $ 2614 M
2023 Median Age : 44 44 43
2023 Total Households : 1,269 9,816 18,251
2023 Pop Age 25+: Bachelor's Degree : 535 4,403 9,634
2023 Average Home Value : $ 752,123 $ 727,885 $ 773,037
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Cameron Park Dr Robin Ln 2016 8,261 0.02 mi
Cameron Park Dr Durock Rd 2010 6,159 0.13 mi
Cameron Park Dr el Dorado Fwy 2016 25,550 0.15 mi
Cameron Park Drive el Dorado Fwy 2022 63,000 0.19 mi
50 2018 71,000 0.22 mi
Durock Rd Rodeo Rd 2016 7,530 0.24 mi
Country Club Dr Los Santos Dr 2016 4,028 0.29 mi
Palmer Drive 2016 8,751 0.35 mi
Cameron Park Dr Sabana Dr 2016 19,536 0.48 mi
50 Cambridge Rd 2018 67,400 0.85 mi

Listing Broker

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