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Views: 198 DOM: 126 Updated: 10.24.24 Posted: 07.18.24 Status: Active

Summary

Price $2,038,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 07-08-2024
#Units 831
Price/SF $2,145.26
Expiration 07-31-2039
Tenant Type Fast Food/QSR
NOI $107,000
R. Term 14.8
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,952 48,396 93,194
2024 Total Population : 8,574 45,650 87,454
2024 Employed Civilian Pop : 3,666 22,613 42,970
2024 Total Businesses : 886 2,613 4,169
2024 Average Household Income : $ 38,505 $ 71,933 $ 76,225
2024 Total Consumer Spending : $ 121 M $ 1117 M $ 2342 M
2024 Median Age : 30 29 32
2024 Total Households : 3,509 17,481 34,561
2024 Pop Age 25+: Bachelor's Degree : 476 5,235 10,282
2024 Average Home Value : $ 215,295 $ 298,035 $ 298,948
*ESRI data is presented for informational purposes only

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