Dutch Bros. Coffee

3004 FM1460, Georgetown, TX 78665

$2,476,191

Cap Rate 5.25%

DOM: 82 Updated: 06.03.24 Posted: 03.01.24 Status: Sold 05.22.24

Summary

Price $2,476,191	Built/Renov 2024	Tenant Dutch Bros. Coffee
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 04-01-2024	#Units 831
Price/SF $2,606.52	Expiration 04-01-2039	Tenant Type Fast Food/QSR
NOI $130,000	R. Term 13.11	Ownership Fee Simple
Rent/SF $136.84	Increases 10.0%/5/yrs	Pop 5Mi 181,212
Lot/AC 1.00	Options 3/5yrs/10%	AHHI 5Mi $118,558

Lease Highlights

Brand-new 2024 construction
Dutch Bros. Coffee will be executing a brand-new 15-year 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. Coffee is strategically located near the signalized, hard corner intersection of Cooper Street and Westinghouse Road, with access to a combined daily traffic count of 33,600 vehicles. The property is adjacent to 7-Eleven and surrounded by other national tenants, including Circle K and McDonald's. Moreover, it is in close proximity to future retail developments, Highland Vista...

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Key Features

New construction
Near major nationals
University college close
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Georgetown, Texas Zip Code 78626 Broker Site Page

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
2028 Total Population :	13,461	57,181	153,570
2023 Total Population :	11,703	49,417	132,720
2023 Employed Civilian Pop :	5,879	25,747	68,097
2023 Total Businesses :	89	971	3,688
2023 Average Household Income :	$ 138,620	$ 126,381	$ 126,422
2023 Total Consumer Spending :	$ 466 M	$ 1968 M	$ 5234 M
2023 Median Age :	33	34	34
2023 Total Households :	3,967	18,091	48,077
2023 Pop Age 25+: Bachelor's Degree :	2,200	9,439	24,922
2023 Average Home Value :	$ 503,984	$ 449,141	$ 426,388

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Co Rd 111	FM 1460	2015	4,161	0.11 mi
Co Rd 111	FM 1460	2015	2,552	0.17 mi
Co Rd 111	FM 1460	2005	800	0.18 mi
Co Rd 111	Scenic Lake Dr	2010	2,260	0.18 mi
Co Rd 186	FM 1460	2011	117	0.58 mi
FM 1460	Asbury PkDr	2022	20,592	0.72 mi
Brianza Pass	Savio Dr	2015	2,497	0.89 mi
FM 1460	University Blvd	2013	10,194	0.92 mi
FM 1460	la Conterra Blvd	2022	14,962	0.93 mi
	FM 1460	2022	16,775	1.03 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
33154 Views
127 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
33263 Views
128 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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