Dutch Bros.

2733 North Highway 123 Bypass, Seguin, TX 78155

$2,362,000

Cap Rate 5.25%

Views: 194 DOM: 410 Updated: 09.16.24 Posted: 11.07.23 Status: Active

Summary

Price $2,362,000	Built/Renov 2023	Tenant Dutch Bros.
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 09-29-2023	#Units 716
Price/SF $2,486.32	Expiration 02-28-2038	Tenant Type Fast Food/QSR
NOI $124,000	R. Term 13.2	Ownership Fee Simple
Rent/SF $130.53	Increases 10.0%/5/yrs	Pop 5Mi 39,301
Lot/AC 0.99	Options 3/5yrs/10%	AHHI 5Mi $88,424

Lease Highlights

Brand-new 2023 construction
Dutch Bros. recently signed a brand-new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: BROS)

Location Description

The subject property is strategically located along State Hwy 123 which averages over 22,000 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 10, a major thoroughfare that connects the East Coast to the West Coast which averages 54,000 VPD. The asset is surrounded by multiple hotels including TownePlace Suites, Comfort Inn, Days Inn, Hampton Inn,...

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Key Features

New construction
Signalized intersection
Major thoroughfare
Highway location
Top 100 MSA
Affluent suburb location
Income tax free state
Absolute NNN
Long 10+ yr lease
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Sequin, Texas Zip Code 78155 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 :	2,786	24,919	45,910
2023 Total Population :	2,315	22,415	39,301
2023 Employed Civilian Pop :	975	9,496	17,463
2023 Total Businesses :	101	1,134	1,424
2023 Average Household Income :	$ 85,548	$ 71,895	$ 88,424
2023 Total Consumer Spending :	$ 63 M	$ 488 M	$ 1109 M
2023 Median Age :	34	37	40
2023 Total Households :	847	7,729	14,265
2023 Pop Age 25+: Bachelor's Degree :	345	1,796	4,163
2023 Average Home Value :	$ 227,451	$ 216,307	$ 266,180

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Hwy 123 Byp	Ih 10 E Access Rd	2012	14,470	0.09 mi
Ih 10 E Access Rd	N Heideke St	2012	6,046	0.18 mi
Ih 10 E Access Rd	N Heideke St	2012	1,757	0.20 mi
Ih 10 E Access Rd	N Heideke St	2012	5,925	0.21 mi
Ih 10 E Access Rd	Hwy 123 Byp	2012	1,475	0.23 mi
Ih 10 E Access Rd	N Heideke St	2012	1,526	0.24 mi
E Martindale Rd	E Martindale	2010	1,550	0.34 mi
East Interstate 10	Ih 10 W Access Rd	2021	2,374	0.35 mi
N Heideke St	Soechting Pkwy	2010	760	0.35 mi
	Hwy 123 Byp	2021	54,017	0.37 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46270 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
50691 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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