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Views: 188 DOM: 207 Updated: 11.21.24 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 19.6
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

  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,421 32,295 159,690
2024 Total Population : 3,449 31,901 156,616
2024 Employed Civilian Pop : 1,842 15,717 81,265
2024 Total Businesses : 145 1,172 7,463
2024 Average Household Income : $ 152,529 $ 102,513 $ 90,479
2024 Total Consumer Spending : $ 204 M $ 1169 M $ 5317 M
2024 Median Age : 43 39 38
2024 Total Households : 1,546 12,937 66,486
2024 Pop Age 25+: Bachelor's Degree : 1,021 5,368 23,582
2024 Average Home Value : $ 591,191 $ 430,576 $ 400,108
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Timuquana Rd Twining Rd 2010 22,000 0.31 mi
Ortega Blvd Da Vinci Ave E 2010 3,800 0.46 mi
Roosevelt Boulevard Blaine St 2022 40,000 0.52 mi
Roosevelt Blvd S Long Bow Rd 2009 38,500 0.56 mi
Ortega Blvd Venetia Blvd 2009 2,400 0.58 mi
Timuquana Road Ortega Forest Dr 2022 20,000 0.60 mi
Roosevelt Blvd 120th St 2018 42,000 0.67 mi
Roosevelt Blvd 120th St 2019 43,500 0.83 mi
Roosevelt Boulevard Roosevelt Blvd 2022 35,000 0.98 mi
Ortega Farms Blvd Delphin Ln 2010 3,774 1.04 mi

Listing Broker

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