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Views: 79 DOM: 102 Updated: 08.31.24 Posted: 05.28.24 Status: Active

Summary

Price $2,407,000
Built/Renov 1980/2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 4.85%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 1,708
Lease Start 07-01-2024
#Units 831
Price/SF $1,409.25
Expiration 06-30-2044
Tenant Type Fast Food/QSR
NOI $116,749
R. Term 19.10
Ownership Ground Lease
Rent/SF $68.35
Increases 10.0%/5/yrs
Pop 5Mi 155,273
Lot/AC 0.58
Options 3/5yrs/10%
AHHI 5Mi $83,329

Lease Highlights

  • Dutch Bros Coffee will be executing a brand-new 20-year ground lease 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 is strategically located on Roosevelt Blvd, with access to 45,000 vehicles passing by daily. The property serves as an outparcel to a major grocer, Winn-Dixie, and is conveniently located 4 miles north of I-295, which sees a daily traffic count of 139,000 vehicles, allowing for easy on/off ramp access for users. Moreover, the site is positioned north of the Jacksonville Naval Air...

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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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