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Views: 139 DOM: 52 Updated: 09.05.24 Posted: 07.18.24 Status: Active

Summary

Price $2,078,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 07-08-2024
#Units 831
Price/SF $2,187.37
Expiration 07-31-2039
Tenant Type Fast Food/QSR
NOI $107,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $112.63
Increases 10.0%/5/yrs
Pop 5Mi 88,701
Lot/AC 0.47
Options 4/5yrs/10%
AHHI 5Mi $72,692

Lease Highlights

  • Brand-new, build-to-suit construction with Dutch Bros’ latest prototype
  • New 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros Coffee is strategically located on US 31 W Bypass, with access to 21,670 vehicles passing by daily. The property is situated directly across from The Medical Center at Bowling Green hospital and adjacent to a Kroger-anchored shopping center, which attracts 1.1 million annual visitors. This Kroger location ranks in the top 25% nationally and is the #1 location in Bowling Green....

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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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