Dutch Bros.

16400 East US Highway 40, Kansas City, MO 64136

$2,217,000

Cap Rate 5.30%

Views: 124 Updated: 01.29.24 Posted: 10.18.23 Status: Inactive

Summary

Price $2,217,000	Built/Renov 2023	Tenant Dutch Bros.
Cap Rate 5.30%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 09-29-2023	#Units 716
Price/SF $2,333.68	Expiration 09-29-2038	Tenant Type Fast Food/QSR
NOI $117,500	R. Term 13.9	Ownership Fee Simple
Rent/SF $123.68	Increases 10.0%/5/yrs	Pop 5Mi 147,433
Lot/AC 0.66	Options 3/5yrs/10%	AHHI 5Mi $86,616

Lease Highlights

Brand-new, state-of-the-art, build-to-suit construction with Dutch Bros’ latest prototype including a double drive-thru
Tenant recently signed a new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by the corporate entity

Location Description

Dutch Bros Coffee is strategically positioned at the signalized, hard corner intersection of Lee's Summit Drive and US Highway 40, with a combined daily traffic count of 40,800 vehicles. This subject property is conveniently adjacent to a newly constructed Taco Bell property that is also available for sale. Within a one-mile radius of the property are national tenants, including Home Depot,...

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Key Features

New construction
Signalized intersection
Hard corner intersection
Highway location
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Kansas City, Missouri Zip Code 64136 Broker Site Page

Maps

Local Information

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,873	56,441	145,629
2023 Total Population :	9,035	56,770	147,220
2023 Employed Civilian Pop :	4,281	28,074	73,530
2023 Total Businesses :	177	1,795	4,354
2023 Average Household Income :	$ 84,125	$ 94,132	$ 90,249
2023 Total Consumer Spending :	$ 298 M	$ 1994 M	$ 4817 M
2023 Median Age :	49	44	43
2023 Total Households :	4,092	24,551	61,566
2023 Pop Age 25+: Bachelor's Degree :	1,352	8,390	19,360
2023 Average Home Value :	$ 247,950	$ 244,170	$ 245,660

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Lee's Summit Road	Bass Pro Dr	2022	7,660	0.36 mi
E US 40 Hwy	Brentwood St	2014	23,598	0.48 mi
Cpl M E Webster Mem Pkwy	S Tierney Dr	2019	13,542	0.68 mi
Corporal M.E. Webster Memorial Parkway	S Tierney Dr	2022	9,904	0.68 mi
S Tierney Dr	Cpl M E Webster Mem Pkwy	2019	11,520	0.69 mi
Corporal M.E. Webster Memorial Parkway	E 48th St	2022	8,658	0.69 mi
	Lees Summit Rd	2022	6,211	0.70 mi
	Lees Summit Rd	2022	10,870	0.71 mi
	S Lees Summit Rd	2022	6,116	0.75 mi
	S Lees Summit Rd	2022	8,865	0.76 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30117 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31253 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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