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Views: 202 DOM: 320 Updated: 05.07.24 Posted: 01.06.24 Status: Active

Summary

Price $2,422,000
Built/Renov 2023
Tenant Dutch Bros. Coffee (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 01-29-2024
#Units 831
Price/SF $2,549.47
Expiration 01-29-2039
Tenant Type Fast Food/QSR
NOI $109,000
R. Term 14.2
Ownership Ground Lease
Rent/SF $114.74
Increases 10.0%/5/yrs
Pop 5Mi 78,309
Lot/AC 0.80
Options 3/5yrs/10%
AHHI 5Mi $87,041

Lease Highlights

  • Brand-new 2023 construction
  • Dutch Bros. Coffee recently executed a new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 5% rent increases every 5 years throughout the base term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros strategically occupies a prime location on Highway 27, benefitting from a substantially high daily traffic count of 57,000 vehicles. Positioned at the northeast corner of Jack’s Road, the site offers convenient access to Interstate 4 and Walt Disney World Resort. Its strategic location is further enhanced by its proximity, just one mile away, to Posner Park/Posner Village, a...

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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
2028 Total Population : 9,567 39,856 86,365
2023 Total Population : 8,473 36,263 76,664
2023 Employed Civilian Pop : 4,487 18,575 39,831
2023 Total Businesses : 227 757 1,978
2023 Average Household Income : $ 94,895 $ 82,628 $ 86,799
2023 Total Consumer Spending : $ 227 M $ 969 M $ 2167 M
2023 Median Age : 47 40 37
2023 Total Households : 2,747 13,502 28,792
2023 Pop Age 25+: Bachelor's Degree : 1,340 5,672 12,100
2023 Average Home Value : $ 294,133 $ 293,692 $ 332,438
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ridgemont Ln 2022 57,000 1.01 mi
US Hwy 27 International Bass Blvd 2008 38,300 1.18 mi
San Salvador Pl 2012 3,085 1.25 mi
N Goodman Rd Roccella Ct 2001 518 1.85 mi
US 192 EB Hwy 27 2021 9,500 2.20 mi
Co Rd 530 2022 15,000 2.21 mi
US 192 Town Center Blvd 2021 48,500 2.33 mi
US Hwy 192 Hwy 27 2011 36,332 2.33 mi
US Hwy 192 Town Center Blvd 2012 38,069 2.34 mi
Co Rd 530 2022 17,500 2.34 mi

Listing Broker

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