Dutch Bros. Coffee

197 Forks of the River Parkway, Sevierville, TN 37862

$2,471,553

Cap Rate 5.15%

Views: 175 DOM: 429 Updated: 10.21.24 Posted: 09.19.23 Status: Active

Summary

Price $2,471,553	Built/Renov 2023	Tenant Dutch Bros. Coffee
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 959	Lease Start 03-17-2023	#Units 831
Price/SF $2,577.22	Expiration 03-31-2043	Tenant Type Fast Food/QSR
NOI $127,285	R. Term 18.4	Ownership Fee Simple
Rent/SF $132.73	Increases 10.0%/5/yrs	Pop 5Mi 31,382
Lot/AC 0.82	Options 3/5yrs/15%	AHHI 5Mi $76,211

Connor Shell

STREAM Capital Partners

Contact

Lease Highlights

Brand-new 20-year lease with 3 (5-year) options to extend
Lease features 10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)
Income tax free state

Location Description

This newly constructed Dutch Bros. is situated 1 block south of the intersection of W. Main St. and Forks of River Parkway, which sees over 50,000 vehicles per day. Surrounding retailers include Big Lots, Walgreens, Harbor Freight Tools and more, creating a strong drive to the immediate trade area. The property is located in an affluent trade area, with 31,382 residents earning an average...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Highway location
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Sevierville, Tennessee Zip Code 37862 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 :	4,294	18,077	32,230
2023 Total Population :	4,171	17,414	31,382
2023 Employed Civilian Pop :	1,925	8,379	15,006
2023 Total Businesses :	571	1,356	2,142
2023 Average Household Income :	$ 68,920	$ 73,850	$ 76,211
2023 Total Consumer Spending :	$ 114 M	$ 474 M	$ 853 M
2023 Median Age :	39	40	41
2023 Total Households :	1,884	7,343	12,833
2023 Pop Age 25+: Bachelor's Degree :	522	2,135	3,259
2023 Average Home Value :	$ 301,954	$ 323,443	$ 323,044

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Court Avenue	Joy St	2022	19,062	0.13 mi
US 441	W Bruce St	2021	33,528	0.13 mi
Forks of the River Parkway	W Bruce St	2022	29,110	0.13 mi
US 411	Ct Ave	2021	22,025	0.19 mi
Parkway	Bruce St	2022	16,878	0.25 mi
Prince Street	Ct Ave	2022	2,701	0.28 mi
Prince St	Ct Ave	2005	4,150	0.28 mi
E Main St	Creek Ave	2005	27,220	0.36 mi
Bruce Street	Creek Ave	2022	924	0.36 mi
North Parkway	Jackson St	2022	30,750	0.41 mi

Listing Broker

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