Dutch Bros. (GL)

1713 Gallatin Pike North, Madison, TN 37115

$1,900,000

Cap Rate 5.00%

Views: 305 DOM: 462 Updated: 11.14.24 Posted: 09.16.23 Status: Active

Summary

Price $1,900,000	Built/Renov 2023	Tenant Dutch Bros. (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 1,499	Lease Start 01-27-2023	#Units 716
Price/SF $1,267.51	Expiration 01-31-2038	Tenant Type Fast Food/QSR
NOI $95,000	R. Term 13.1	Ownership Ground Lease
Rent/SF $63.38	Increases 10.0%/5/yrs	Pop 5Mi 109,145
Lot/AC 0.86	Options 4/5yrs/10%	AHHI 5Mi $82,876

Andrew Fallon

SRS National Net Lease Group

Contact

Lease Highlights

Brand new 2023 construction
Dutch Bros. recently signed a brand-new 15-year ground lease with 4 (5-year) options to extend
Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guarantee by Boersma Bros. LLC

Location Description

This Dutch Bros., equipped with a drive-thru, is strategically located off the signalized, hard corner intersection of Gallatin Pike N. and Myatt Dr., averaging 53,500 combined vehicles passing by daily. The property is part of a larger development that features TJ Maxx, Olive Garden, Whataburger, Concentra, and more, promoting significant crossover store exposure to the site. The immediate...

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Key Features

New construction
Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Near major nationals
Strong demographics
Income tax free state
Brand new lease
Absolute NNN
Corporate Guarantee

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Wikipedia Madison, Tennessee Zip Code 37115 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dutch Bros.
Guarantor:Corp Traded
Company:Boersma Bros. LLC
# Units:716
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. The vast majority of its...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,599	44,056	112,223
2023 Total Population :	5,574	43,744	109,494
2023 Employed Civilian Pop :	3,100	22,556	57,717
2023 Total Businesses :	600	2,042	4,011
2023 Average Household Income :	$ 72,286	$ 71,148	$ 82,980
2023 Total Consumer Spending :	$ 157 M	$ 1158 M	$ 3324 M
2023 Median Age :	37	37	40
2023 Total Households :	2,479	18,595	46,090
2023 Pop Age 25+: Bachelor's Degree :	735	5,850	16,705
2023 Average Home Value :	$ 289,623	$ 327,578	$ 362,514

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 31E	Alta Loma Rd	2021	26,747	0.19 mi
Gallatin Pike	Riverchase Blvd	2022	31,639	0.30 mi
US 31E	Cude Ln	2021	35,496	0.30 mi
Alta Loma Road	Monticello Ave	2022	8,540	0.51 mi
Myatt Dr	Edenwold	2007	27,110	0.55 mi
Gallatin Pike N	Twin Hills Dr	2013	31,803	0.56 mi
Rivergate Parkway	Wren Rd	2022	26,667	0.56 mi
Myatt Drive	Spring Branch Rd	2022	25,853	0.60 mi
MYATT DR.	Edenwold Rd	2021	28,763	0.60 mi
Vietnam Veterans Blvd	Vietnam Veterans Blvd	2022	71,778	0.70 mi

Listing Broker

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