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Views: 142 DOM: 201 Updated: 10.29.24 Posted: 06.03.24 Status: Active

Summary

Price $2,748,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 4.55%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 07-15-2024
#Units 831
Price/SF $2,892.63
Expiration 07-31-2039
Tenant Type Fast Food/QSR
NOI $125,000
R. Term 14.7
Ownership Ground Lease
Rent/SF $131.58
Increases 10.0%/5/yrs
Pop 5Mi 239,952
Lot/AC 0.69
Options 3/5yrs/10%
AHHI 5Mi $92,998

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year ground 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 (NYSE: CMG)

Location Description

Dutch Bros Coffee is strategically located on Hemlock Avenue, with access to 18,000 vehicles passing by daily. The property is positioned in one of Riverside’s premier retail corridors, surrounded by top-performing anchor tenants. It is directly across from the top-performing Home Depot (top 20% nationwide, Placer.ai), Walmart (top 10% nationwide), Stater Bros (top 10% nationwide), Target (top...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 25,191 129,088 249,193
2024 Total Population : 24,593 126,424 243,355
2024 Employed Civilian Pop : 10,690 55,519 109,716
2024 Total Businesses : 762 3,328 5,272
2024 Average Household Income : $ 87,437 $ 99,265 $ 110,789
2024 Total Consumer Spending : $ 555 M $ 3083 M $ 6580 M
2024 Median Age : 33 33 33
2024 Total Households : 7,254 35,634 68,472
2024 Pop Age 25+: Bachelor's Degree : 1,564 10,209 22,271
2024 Average Home Value : $ 512,017 $ 541,277 $ 564,810
*ESRI data is presented for informational purposes only

Listing Broker

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