Dutch Bros Coffee (GL)

23140 Hemlock Avenue, Moreno Valley, CA 92557

$2,748,000

Cap Rate 4.55%

Views: 69 DOM: 96 Updated: 08.06.24 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 14.11	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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Key Features

New construction
Build to suit
Near major nationals
Freeway close
Top 100 MSA
Strong demographics
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 Moreno Valley, California Zip Code 92557 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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Listing Broker

Bill Asher

Hanley Investment Group

Contact

142 Listings
11803 Views
60 Sold

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11525 Views
62 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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