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Views: 436 DOM: 227 Updated: 10.04.24 Posted: 05.09.24 Status: Active

Summary

Price $1,588,785
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 12-01-2024
#Units 831
Price/SF $1,672.41
Expiration 11-30-2039
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $89.47
Increases 10.0%/5/yrs
Pop 5Mi 56,858
Lot/AC 0.95
Options 3/5yrs/10%
AHHI 5Mi $105,303

Lease Highlights

  • Brand new 2024 construction 
  • Brand new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros Coffee is strategically located on Highway 77, a high-traffic retail corridor, with access to 33,194 vehicles passing by daily. The property is further enhanced by its proximity to a spur of new developments such as the Shops at Waxahachie, a retail strip center directly neighboring the site, as well as the new Tom Thumb supermarket that is being developed across the street and will...

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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 : 6,267 37,210 59,702
2024 Total Population : 6,074 37,001 58,848
2024 Employed Civilian Pop : 3,496 19,544 30,188
2024 Total Businesses : 241 1,182 1,918
2024 Average Household Income : $ 104,750 $ 109,593 $ 109,564
2024 Total Consumer Spending : $ 173 M $ 1245 M $ 1935 M
2024 Median Age : 34 36 36
2024 Total Households : 1,899 12,995 20,186
2024 Pop Age 25+: Bachelor's Degree : 1,041 5,583 8,256
2024 Average Home Value : $ 308,869 $ 358,344 $ 366,882
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North US Highway 77 Bessie Coleman Blvd 2022 29,174 0.48 mi
Grove Creek Rd Dallas Hwy 2009 1,820 0.73 mi
I- 35 Lofland Dr 2004 462 0.85 mi
Lofland Dr 2021 3,771 0.88 mi
Lofland Dr 2022 5,442 0.88 mi
I- 35 Lofland Dr 2004 462 0.89 mi
I 35E Lofland Dr 2021 68,560 0.91 mi
I 35E Lofland Dr 2022 78,879 0.91 mi
Lofland Dr 2021 5,001 0.92 mi
Lofland Dr 2022 6,228 0.92 mi

Listing Broker

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