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Views: 124 DOM: 145 Updated: 10.29.24 Posted: 08.14.24 Status: Active

Summary

Price $2,200,000
Built/Renov 2024
Tenant Dutch Bros. Coffee (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 05-24-2024
#Units 831
Price/SF $2,315.79
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $99,000
R. Term 14.4
Ownership Ground Lease
Rent/SF $104.21
Increases 10.0%/5/yrs
Pop 5Mi 18,783
Lot/AC 0.85
Options 4/5yrs/10%
AHHI 5Mi $86,059

Lease Highlights

  • Brand-new 2024 construction
  • Dutch Bros. Coffee has 14+ years remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dutch Bros. Coffee is strategically located on Nestles Road within Soledad Marketplace, a newly developed grocery-anchored shopping center. This center features well-known national tenants such as DaVita Dialysis, Grocery Outlet, Premiere Cinemas, and upcoming additions including Tractor Supply and Quick Quack Car Wash. The property is adjacent to the U.S. Route 101 ramps, a major route...

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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 : 7,136 19,089 19,729
2024 Total Population : 7,136 19,213 19,861
2024 Employed Civilian Pop : 3,207 8,894 9,197
2024 Total Businesses : 210 279 300
2024 Average Household Income : $ 79,434 $ 99,643 $ 99,747
2024 Total Consumer Spending : $ 122 M $ 400 M $ 412 M
2024 Median Age : 31 32 32
2024 Total Households : 1,738 4,554 4,683
2024 Pop Age 25+: Bachelor's Degree : 294 873 911
2024 Average Home Value : $ 563,534 $ 623,979 $ 629,771
*ESRI data is presented for informational purposes only

Listing Broker

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Bill Asher

Hanley Investment Group

Contact
  • 151 Listings
  • 18698 Views
  • 63 Sold
Jeff Lefko

Hanley Investment Group

Contact
  • 151 Listings
  • 18244 Views
  • 65 Sold

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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