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Views: 139 Updated: 01.14.24 Posted: 05.31.23 Status: Inactive

Summary

Price $2,228,600
Built/Renov 2023
Tenant Dutch Bros.
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 04-21-2023
#Units 716
Price/SF $2,345.89
Expiration 04-30-2038
Tenant Type Fast Food/QSR
NOI $117,000
R. Term 13.7
Ownership Fee Simple
Rent/SF $123.16
Increases 10.0%/5/yrs
Pop 5Mi 264,231
Lot/AC 0.61
Options 3/5yrs/10%
AHHI 5Mi $84,598

Lease Highlights

  • Brand-new high-quality 2023 Construction with a double drive-thru
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rent increases every 5 years
  • Absolute NNN lease with zero landlord responsibilities
  • Income tax free state
  • Dutch Bros is a publicly traded company (NYSE: BROS)

Location Description

Dutch Bros. is strategically located with excellent visibility along Nacogdoches Road (17,000 vehicles per day) with immediate access to the I-410 Freeway and access to more than 192,650 vehicles passing by daily. It is within proximity to future developments and strategically located near a lot of residential, restaurants and retail. The subject property is positioned just 2 miles from San...

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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 . The...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,145 83,734 254,808
2023 Total Population : 9,424 84,440 258,309
2023 Employed Civilian Pop : 5,081 43,687 128,627
2023 Total Businesses : 1,520 7,090 15,636
2023 Average Household Income : $ 97,280 $ 98,150 $ 94,069
2023 Total Consumer Spending : $ 343 M $ 3196 M $ 8699 M
2023 Median Age : 42 39 38
2023 Total Households : 4,118 37,651 106,632
2023 Pop Age 25+: Bachelor's Degree : 1,594 13,979 40,559
2023 Average Home Value : $ 382,128 $ 356,337 $ 318,776
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sagebrush Ln Old Moss Rd 2004 1,306 0.13 mi
Nacogdoches Rd Wagon Wheel 2012 20,410 0.18 mi
Haverford Dr Shropshire Dr 2004 262 0.18 mi
Woodbury Dr Nacogdoches Rd 2004 634 0.21 mi
Eastley Dr Hotchkiss 2004 243 0.21 mi
Middlebury Dr Hotchkiss 2004 292 0.24 mi
Woodbury Dr Nacogdoches Rd 2004 2,640 0.26 mi
Oak Ledge Dr Pineridge Rd 2010 748 0.26 mi
Nacogdoches Rd NE Loop 410 2010 19,879 0.29 mi
Northeast Loop 410 Teecee St 2021 18,070 0.29 mi

Listing Broker

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