Dutch Bros. Coffee (GL)

1050 East Whitmore Avenue, Ceres, CA 95307

$1,352,000

Cap Rate 5.25%

Views: 131 DOM: 227 Updated: 09.05.24 Posted: 01.24.24 Status: Active

Summary

Price $1,352,000	Built/Renov 2024	Tenant Dutch Bros. Coffee (GL)
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 10-01-2024	#Units 831
Price/SF $1,423.16	Expiration 10-01-2039	Tenant Type Fast Food/QSR
NOI $71,000	R. Term 15.0	Ownership Ground Lease
Rent/SF $74.74	Increases 10.0%/5/yrs	Pop 5Mi 171,815
Lot/AC 0.69	Options 4/5yrs/10%	AHHI 5Mi $51,628

Lease Highlights

Brand new 2024 construction
Dutch Bros. Coffee will be executing a brand new 15-year ground lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)

Location Description

The subject property is ideally located near the signalized hard corner of Whitmore Avenue and Morgan Road (21,406 VPD), which provides high daytime traffic and access to the on/off ramp of Highway 99 (111,850 VPD). Highway 99 and Whitmore Avenue are highly trafficked arterials in the trade area, which provides tremendous traffic around the property. Dutch Bros is an ideally positioned...

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Key Features

New construction
Near major nationals
Strategically located
Highway close
Dense 100M+ pop 5 mi
Major MSA
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 Ceres, California Zip Code 95307 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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	13,205	95,113	176,700
2023 Total Population :	13,277	95,802	177,867
2023 Employed Civilian Pop :	5,503	37,239	72,011
2023 Total Businesses :	399	2,155	5,991
2023 Average Household Income :	$ 87,707	$ 77,764	$ 84,591
2023 Total Consumer Spending :	$ 258 M	$ 1748 M	$ 3943 M
2023 Median Age :	30	30	33
2023 Total Households :	3,388	25,717	53,388
2023 Pop Age 25+: Bachelor's Degree :	613	3,808	10,651
2023 Average Home Value :	$ 391,950	$ 398,906	$ 445,245

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Whitmore Ave	Morgan Rd	2012	13,333	0.20 mi
E Whitmore Ave	Nickerson Dr	2016	11,548	0.23 mi
Morgan Rd	Whitmore Ave	2012	12,082	0.30 mi
Morgan Rd	Whitmore Ave	2012	7,998	0.32 mi
Whitmore Ave	Fiesta Way	2012	14,572	0.34 mi
Kinser Rd	Valentina Way	2012	2,114	0.45 mi
Flamingo Dr	Crows Landing Rd	2011	1,073	0.61 mi
Hackett Rd	Morgan Rd	2012	3,159	0.61 mi
Crows Landing Rd	Flamingo Dr	2014	26,869	0.71 mi
Crows Landing Rd	E Hackett Rd	2014	20,586	0.76 mi

Listing Broker

Scott DeYoung

Faris Lee Investments

Contact

32 Listings
2520 Views
19 Sold

Greg Lukosky

Faris Lee Investments

Contact

14 Listings
1276 Views
4 Sold

Scott DeYoung

As a Senior Managing Director at Faris Lee Investments, Mr. DeYoung was the co-top producer at the Company in 2021. Mr. DeYoung has more than a decade of brokerage experience and currently holds real estate broker licenses in California, Florida, Montana, and Hawaii. Mr. DeYoung is a fifth-generation broker and developer in Southern California, as well as an active real estate investor. In 2021, Mr. DeYoung acquired and disposed of over $26M in commercial real estate as a General Partner. His e

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Greg Lukosky

Experienced, enthusiastic, and accomplished real estate executive with a distinct advantage of management positions in both Corporate Real Estate and Shopping Center Development. Seeking position with a company that will benefit from a creative and analytical background. Experienced in all aspects and phases of both Asset Management and Development from both the developer/owner and tenant perspective as a result of combined 20+ years within private retail development and corporate real estate.

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Jeff Conover

Faris Lee Investments

Contact

31 Listings
2504 Views
18 Sold

Jeff Conover

Jeff Conover was appointed Managing Principal at Faris Lee Investments in 2021 and has 34 years of transactional brokerage experience within the commercial real estate industry across the U.S. As Managing Principal of Faris Lee Investments, a national leading retail advisory and investment sales firm, Mr. Conover is a top producer year-over-year with proven performance specializing in the disposition of single tenant NNN leased investments, multi-tenant shopping centers, national portfolios &am

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