loader
Join Free
Views: 257 DOM: 282 Updated: 11.21.24 Posted: 02.25.24 Status: Active

Summary

Price $2,468,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 4.85%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 04-01-2024
#Units 831
Price/SF $2,597.89
Expiration 04-01-2044
Tenant Type Fast Food/QSR
NOI $119,698
R. Term 19.4
Ownership Ground Lease
Rent/SF $122.89
Increases 10.0%/5/yrs
Pop 5Mi 25,794
Lot/AC 0.79
Options 3/5yrs/10%
AHHI 5Mi $158,483

Lease Highlights

  • Brand-new 2024 construction
  • Dutch Bros. has 19+ years remaining on the current ground lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations every 5 years throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dutch Bros is strategically located on US Hwy 1, with access to 26,000 vehicles passing by daily. The property enjoys adjacency to Starbucks, and there's a new Mr. Clean Car Wash currently under construction next to Dollar Tree. Additionally, Nease High School is situated 5 miles north of the subject site. The immediate trade area is undergoing new development, highlighted by the recently...

...

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...


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
International Golf Parkway St Marks Pond Bl 2019 10,600 0.54 mi
Los Alamos St 2022 26,000 1.12 mi
Dixie Hwy Pine Island Rd 2010 17,508 2.26 mi
International Golf Parkway N Francis Rd 2022 13,500 2.55 mi
Dixie Hwy Pine Island Rd 2007 19,284 2.76 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity