Dutch Bros Coffee

2381 Elm Hill Pike, Nashville, TN 37214

$2,380,000

Cap Rate 5.00%

Views: 91 DOM: 128 Updated: 08.23.24 Posted: 05.02.24 Status: Active

Summary

Price $2,380,000	Built/Renov 2024	Tenant Dutch Bros Coffee
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 02-03-2024	#Units 831
Price/SF $2,505.26	Expiration 02-28-2039	Tenant Type Fast Food/QSR
NOI $119,000	R. Term 14.5	Ownership Fee Simple
Rent/SF $125.26	Increases 10.0%/5/yrs	Pop 5Mi 146,326
Lot/AC 1.97	Options 3/5yrs/10%	AHHI 5Mi $87,283

Lease Highlights

Brand new 2024 construction
Dutch Bros Coffee recently executed a brand new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Dutch Bros is strategically located at the signalized, hard corner intersection of McGavock Park and Elm Hill Pike, with access to a combined daily traffic count of 25,600 vehicles. The property benefits from nearby access onto State Highway 155 (98,300 VPD), Interstate 40 (195,500 VPD), and Interstate 24 (173,800 VPD), making this a centralized location. Additionally, it is situated within a...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Long 10+ yr lease
Corporate Guarantee

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Nashville, Tennessee Zip Code 37214 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 :	4,081	40,731	154,274
2023 Total Population :	4,036	39,987	146,326
2023 Employed Civilian Pop :	2,076	22,323	81,693
2023 Total Businesses :	509	2,600	7,903
2023 Average Household Income :	$ 92,172	$ 80,190	$ 87,283
2023 Total Consumer Spending :	$ 145 M	$ 1228 M	$ 4920 M
2023 Median Age :	40	38	36
2023 Total Households :	1,815	17,535	64,364
2023 Pop Age 25+: Bachelor's Degree :	1,099	8,452	31,024
2023 Average Home Value :	$ 372,453	$ 381,693	$ 423,832

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Elm Hill Pike	2022	6,836	0.37 mi
	Briley Pkwy	2022	6,470	0.38 mi
	Jade Dr	2022	6,391	0.43 mi
	Crystal Dr	2022	6,631	0.43 mi
Elm Hill Pike	McGavock Pike	2022	15,779	0.55 mi
ELM HILL PK.	Royal Pkwy	2021	16,168	0.55 mi
Briley Pkwy	Briley Pw	2018	98,314	0.58 mi
Briley Parkway	Dabbs Ave	2022	85,519	0.60 mi
SR 155	Sanborn Dr	2021	72,337	0.60 mi
Briley Parkway	Revere Pl	2022	85,393	0.65 mi

Listing Broker

Michael Carter

SRS National Net Lease Group

Contact

33 Listings
3131 Views
3 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

343 Listings
29551 Views
131 Sold

Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

SRS National Net Lease Group

Contact

393 Listings
32658 Views
160 Sold

Frank Rogers

SRS National Net Lease Group

Contact

34 Listings
3227 Views
3 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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