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Views: 178 DOM: 63 Updated: 09.19.24 Posted: 09.19.24 Status: Active

Summary

Price $2,553,000
Built/Renov 2022
Tenant Dutch Bros. Coffee
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 890
Lease Start 01-18-2023
#Units 831
Price/SF $2,868.54
Expiration 01-31-2038
Tenant Type Fast Food/QSR
NOI $127,644
R. Term 13.2
Ownership Fee Simple
Rent/SF $143.42
Increases 10.0%/5/yrs
Pop 5Mi 247,647
Lot/AC 0.86
Options 4/5yrs/10%
AHHI 5Mi $132,610

Lease Highlights

  • New 2022 construction
  • 13+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases 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 Menchaca Road, with access to 32,070 vehicles passing by daily. The property is directly across from Tanglewood Village, a shopping center anchored by H-E-B. It is situated in the heart of the South Austin Bar & Entertainment District, an area recognized as “the next Rainey Street.” Additionally, it is within walking distance of The Moontower...

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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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Listing Broker

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