Dutch Bros Coffee (GL)

5205 Rufe Snow Drive, North Richland Hills, TX 76180

$1,752,000

Cap Rate 5.25%

Views: 269 DOM: 76 Updated: 07.12.24 Posted: 06.01.24 Status: Sold 08.16.24

Summary

Price $1,752,000	Built/Renov 2021	Tenant Dutch Bros Coffee (GL)
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 956	Lease Start 02-01-2021	#Units 831
Price/SF $1,832.64	Expiration 12-31-2036	Tenant Type Fast Food/QSR
NOI $92,000	R. Term 11.11	Ownership Ground Lease
Rent/SF $96.23	Increases 10.0%/5/yrs	Pop 5Mi 292,029
Lot/AC 0.62	Options 4/5yrs/10%	AHHI 5Mi $103,244

Lease Highlights

Dutch Bros Coffee has 12+ 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 | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Dutch Bros Coffee is strategically located at the signalized, hard corner intersection of Rufe Snow Dr. and Dick Lewis Dr., with access to a combined daily traffic count of 38,947 vehicles. The property is conveniently situated near the I-820 freeway, which boasts a traffic count of 177,970 VPD. Additionally, it is surrounded by well-known national tenants such as Walmart Supercenter, The Home...

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Key Features

Signalized intersection
Hard corner intersection
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia North Richland Hills, Texas Zip Code 76180 Broker Site Page Drone Video

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 :	14,283	126,162	290,250
2024 Total Population :	13,640	125,125	291,616
2024 Employed Civilian Pop :	7,835	70,211	161,035
2024 Total Businesses :	468	4,107	10,692
2024 Average Household Income :	$ 100,155	$ 97,491	$ 111,107
2024 Total Consumer Spending :	$ 491 M	$ 4160 M	$ 10540 M
2024 Median Age :	38	37	37
2024 Total Households :	5,570	48,364	108,015
2024 Pop Age 25+: Bachelor's Degree :	2,561	17,706	48,247
2024 Average Home Value :	$ 357,070	$ 340,781	$ 361,404

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Rufe Snow Dr	Hilltop Dr	2010	40,404	0.05 mi
Rufe Snow Dr	Dick Lewis Dr	2010	36,786	0.06 mi
Dick Lewis Dr	Rufe Snow Dr	2010	8,135	0.07 mi
Rufe Snow Dr	Combs Dr	2010	40,463	0.14 mi
	Rufe Snow Dr	2021	18,338	0.25 mi
	Rufe Snow Dr	2022	18,758	0.25 mi
Northeast Loop TEXpress	Rufe Snow Dr	2020	127,822	0.27 mi
Northeast Loop TEXpress	Rufe Snow Dr	2022	168,666	0.28 mi
NE Loop 820	Rufe Snow Dr	2010	15,105	0.30 mi
NE Loop 820	Rufe Snow Dr	2004	9,335	0.30 mi

Listing Broker

Melissa Ley Marshall

CBRE: NLPG Newport

Contact

18 Listings
2942 Views
2 Sold

Ian Schroeder

CBRE: NLPG Newport

Contact

18 Listings
2942 Views
2 Sold

Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

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Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

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