Dutch Bros. Coffee (GL)

526 Nestles Road, Soledad, CA 93960

$2,200,000

Cap Rate 4.50%

Views: 34 DOM: 33 Updated: 08.16.24 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 14.8	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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Key Features

New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Affluent suburb location
Major MSA
New development zone
Brand new lease
Long 10+ yr lease
Corporate Guarantee

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Soledad, California Zip Code 93960 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dutch Bros. Coffee
Guarantor:Corp Traded
Company:Boersma Bros. LLC
# Units:831
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. Most of its stores are...

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Listing Broker

Bill Asher

Hanley Investment Group

Contact

142 Listings
12287 Views
60 Sold

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11998 Views
62 Sold

Bill Asher

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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Jeff Lefko

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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