Dutch Bros Coffee (GL)

14521 Ramona Boulevard, Baldwin Park, CA 91706

$3,530,000

Cap Rate 4.25%

Views: 208 DOM: 196 Updated: 10.29.24 Posted: 06.08.24 Status: Active

Summary

Price $3,530,000	Built/Renov 2024	Tenant Dutch Bros Coffee (GL)
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 08-05-2024	#Units 831
Price/SF $3,715.79	Expiration 08-31-2039	Tenant Type Fast Food/QSR
NOI $150,000	R. Term 14.8	Ownership Ground Lease
Rent/SF $157.89	Increases 10.0%/5/yrs	Pop 5Mi 533,109
Lot/AC 0.85	Options 3/5yrs/10%	AHHI 5Mi $99,238

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 every 5 years throughout primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee (NYSE: BROS)

Location Description

Dutch Bros Coffee is strategically located at the signalized, hard corner intersection of Ramona Boulevard and Bogart Avenue, with access to a combined daily traffic count of 22,250 vehicles. The property enjoys easy accessibility to two major Los Angeles area freeways, located between I-10 (233,000 VPD) and I-605 (195,000 VPD) freeways. Furthermore, it is conveniently located near Baldwin...

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Key Features

New construction
Signalized intersection
Strategically located
Strong tenant synergy
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Baldwin Park, California Zip Code 91706 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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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	31,599	172,619	515,014
2024 Total Population :	32,596	177,175	524,822
2024 Employed Civilian Pop :	15,770	85,003	251,851
2024 Total Businesses :	597	5,444	18,223
2024 Average Household Income :	$ 98,126	$ 113,525	$ 113,385
2024 Total Consumer Spending :	$ 737 M	$ 4721 M	$ 14991 M
2024 Median Age :	38	39	39
2024 Total Households :	8,673	48,326	153,574
2024 Pop Age 25+: Bachelor's Degree :	3,021	19,098	65,253
2024 Average Home Value :	$ 711,435	$ 720,063	$ 779,777

*ESRI data is presented for informational purposes only

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
17819 Views
63 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17383 Views
65 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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