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Views: 251 DOM: 161 Updated: 11.07.24 Posted: 06.12.24 Status: Contract 09.26.24

Summary

Price $2,725,600
Built/Renov 2024
Tenant Dutch Bros Coffee
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 09-01-2024
#Units 831
Price/SF $3,002.11
Expiration 09-01-2039
Tenant Type Fast Food/QSR
NOI $154,000
R. Term 14.9
Ownership Fee Simple
Rent/SF $162.11
Increases 10.0%/5/yrs
Pop 5Mi 97,467
Lot/AC 0.43
Options 4/5yrs/10%
AHHI 5Mi $76,258

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 4 (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 Iowa Street, with access to 27,500 vehicles passing by daily. The property serves as an outparcel to Planet Fitness and Office Depot. Additionally, it is less than 1 mile from the University of Kansas with 30,000 students. The immediate area is surrounded by well-known national tenants, including Chili's, Raising Cane's, Office Depot, and more. The...

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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 : 13,296 72,235 99,808
2024 Total Population : 12,965 71,460 98,764
2024 Employed Civilian Pop : 7,889 42,913 59,025
2024 Total Businesses : 545 3,170 3,975
2024 Average Household Income : $ 68,695 $ 85,005 $ 96,990
2024 Total Consumer Spending : $ 373 M $ 2270 M $ 3601 M
2024 Median Age : 32 29 31
2024 Total Households : 6,107 30,061 42,001
2024 Pop Age 25+: Bachelor's Degree : 2,087 12,379 18,332
2024 Average Home Value : $ 241,280 $ 311,748 $ 340,044
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Iowa St W 25th St 2008 26,300 0.11 mi
Iowa Street W 9th St 2021 25,300 0.14 mi
West 27th Street Lawrence Ave 2021 7,824 0.26 mi
Knollbrook Ct 2021 8,058 0.36 mi
Knollbrook Ct 2021 8,058 0.36 mi
Clinton Parkway Iowa St 2018 26,270 0.37 mi
Iowa St 2021 26,267 0.38 mi
Iowa St 2021 26,267 0.38 mi
West 23rd Street Ousdahl Rd 2021 26,267 0.47 mi
Lawrence Avenue W 27th St 2021 4,472 0.49 mi

Listing Broker

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