loader
Join Free
Views: 69 DOM: 47 Updated: 08.31.24 Posted: 07.31.24 Status: Active

Summary

Price $3,019,000
Built/Renov 2024
Tenant Dutch Bros. Coffee
Cap Rate 4.85%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 09-01-2024
#Units 831
Price/SF $3,177.89
Expiration 08-31-2044
Tenant Type Fast Food/QSR
NOI $146,407
R. Term 19.11
Ownership Fee Simple
Rent/SF $154.11
Increases 10.0%/5/yrs
Pop 5Mi 188,340
Lot/AC 1.19
Options 3/5yrs/10%
AHHI 5Mi $80,757

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dutch Bros. Coffee is strategically located on Argyle Forest Boulevard, a major retail and commuter thoroughfare, with access to 34,700 vehicles passing by daily. The property benefits from excellent visibility, significant street frontage, a large pylon sign, and multiple points of ingress/egress. It is conveniently situated near the highly trafficked Argyle Village Shopping Center, a...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity