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Views: 180 DOM: 232 Updated: 10.15.24 Posted: 04.03.24 Status: Active

Summary

Price $2,312,000
Built/Renov 2024
Tenant Dutch Bros. Coffee (GL)
Cap Rate 4.85%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 04-01-2024
#Units 831
Price/SF $2,433.68
Expiration 04-01-2044
Tenant Type Fast Food/QSR
NOI $112,115
R. Term 19.4
Ownership Ground Lease
Rent/SF $118.02
Increases 10.0%/5/yrs
Pop 5Mi 136,865
Lot/AC 2.41
Options 3/5yrs/10%
AHHI 5Mi $63,759

Lease Highlights

  • Brand-new 2024 construction
  • Dutch Bros. Coffee has 19+ years remaining on the current ground lease term with 3 (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 Beville Road and S. Clyde Morris Blvd., with access to a combined daily traffic count of 66,000 vehicles. The property is supported by well-known national tenants including Walmart Supercenter, ALDI, and more. Additionally, it is directly across from the newly constructed Shoppes at Beville Road, a...

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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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Listing Broker

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