Dutch Bros. Coffee

114 Indian Lake Boulevard, Hendersonville, TN 37075

$2,885,000

Cap Rate 5.20%

Views: 145 DOM: 298 Updated: 08.12.24 Posted: 03.07.24 Status: Contract

Summary

Price $2,885,000	Built/Renov 2024	Tenant Dutch Bros. Coffee
Cap Rate 5.20%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 05-01-2024	#Units 831
Price/SF $3,036.84	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $150,000	R. Term 14.4	Ownership Fee Simple
Rent/SF $157.89	Increases 10.0%/5/yrs	Pop 5Mi 91,468
Lot/AC 0.83	Options 3/5yrs/10%	AHHI 5Mi $109,757

Lease Highlights

Brand-new 2024 construction
Dutch Bros. Coffee will be executing 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. Coffee is strategically located on Indian Lake Blvd, with access to 18,400 vehicles passing by daily. The property is conveniently situated adjacent to Indian Lake Marketplace, anchored by Publix. Nearby is the Maple Row Shopping Center, which boasts anchor stores like Kroger & PetSmart. Moreover, the site is close to Hendersonville High School and less than 1.5 miles from The...

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Key Features

New construction
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
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 Hendersonville, Tennessee Zip Code 37075 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 :	6,012	46,593	95,031
2023 Total Population :	5,901	45,520	91,468
2023 Employed Civilian Pop :	2,877	24,520	47,996
2023 Total Businesses :	585	1,978	2,711
2023 Average Household Income :	$ 101,854	$ 102,362	$ 109,757
2023 Total Consumer Spending :	$ 201 M	$ 1598 M	$ 3342 M
2023 Median Age :	44	42	42
2023 Total Households :	2,304	18,251	35,670
2023 Pop Age 25+: Bachelor's Degree :	859	8,153	18,306
2023 Average Home Value :	$ 379,642	$ 424,449	$ 435,193

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Indian Lake Boulevard	Maple Dr N	2022	17,427	0.35 mi
INDIAN LAKE BLVD.	Maple Dr N	2021	18,507	0.35 mi
Maple Drive	Maple Dr N	2022	3,654	0.50 mi
US 31E	W Main St	2021	35,829	0.50 mi
East Main Street	Maple Row Blvd	2022	29,217	0.50 mi
Indian Lake Road	Maple Row Blvd	2022	9,508	0.52 mi
INDIAN LAKE BLVD.	Saratoga Blvd	2021	10,508	0.52 mi
Cherokee Road	Sequoyah Dr	2022	5,910	0.65 mi
Old Shackle Island Rd	Cole Dr	2008	10,697	0.75 mi
Old Shackle Island Road	Volunteer Dr	2022	10,714	0.78 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
32495 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
31311 Views
21 Sold

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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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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