Dutch Bros Coffee (GL)

3064 US Highway 27, Clermont, FL 34711

$2,220,000

Cap Rate 5.00%

Views: 145 DOM: 134 Updated: 08.29.24 Posted: 04.26.24 Status: Active

Summary

Price $2,220,000	Built/Renov 2024	Tenant Dutch Bros Coffee (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 03-01-2024	#Units 831
Price/SF $2,384.21	Expiration 03-31-2039	Tenant Type Fast Food/QSR
NOI $111,000	R. Term 14.6	Ownership Ground Lease
Rent/SF $116.84	Increases 10.0%/5/yrs	Pop 5Mi 94,414
Lot/AC 0.72	Options 3/5yrs/10%	AHHI 5Mi $107,791

Lease Highlights

Brand new 2024 construction
Dutch Bros Coffee recently executed a brand new 15-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 Coffee is strategically located on US-27, with access to 42,000 vehicles passing by daily. The property enjoys a prime retail location near major retail tenants, shopping centers, employers, and schools. Notable shopping centers in the vicinity include Clermont Landing, which is anchored by Epic Theaters and TJ Maxx; Clermont Town Center, anchored by The Home Depot and Publix; and...

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Key Features

New construction
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Clermont, Florida Zip Code 34711 Broker Site Page Drone Video

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 :	9,749	53,320	106,051
2023 Total Population :	10,068	52,864	94,089
2023 Employed Civilian Pop :	5,169	25,511	44,829
2023 Total Businesses :	226	1,788	3,011
2023 Average Household Income :	$ 115,081	$ 104,394	$ 107,472
2023 Total Consumer Spending :	$ 398 M	$ 1848 M	$ 3225 M
2023 Median Age :	41	42	41
2023 Total Households :	4,052	20,716	35,093
2023 Pop Age 25+: Bachelor's Degree :	1,665	9,408	15,740
2023 Average Home Value :	$ 356,007	$ 350,868	$ 360,505

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Citrus Tower Road	Hwy 27	2022	13,200	0.13 mi
Citrus Tower Bv	Hwy 27	2012	10,040	0.14 mi
		2012	9,982	0.20 mi
	US Hwy 27	2022	42,000	0.20 mi
Johns Lake Rd	Citrus Tower Bv	2012	5,816	0.37 mi
Johns Lake Rd	Citrus Tower Bv	2012	8,500	0.38 mi
US Hwy 27	Bella Lago Dr	2012	28,000	0.56 mi
Johns Lake Road	Gopherwood Way	2022	7,800	0.63 mi
US 31	Hwy 27	2020	36,500	0.64 mi
US Hwy 27	Anderson Hill Rd	2012	29,000	0.68 mi

Listing Broker

Putnam Daily

Fisher James Capital

Contact

81 Listings
6703 Views
23 Sold

Lindsey Snider

Fisher James Capital

Contact

61 Listings
5255 Views
18 Sold

Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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Lindsey Snider

Lindsey Lantis Snider is a Partner at Fisher James Capital, advising institutional and private capital clients on the disposition and acquisition of leased investment properties nationwide. Lindsey has over 15 years of experience specializing in the sale of single tenant retail properties, multi-tenant shopping centers, sale-leaseback portfolio dispositions, and 1031 exchange transactions. Lindsey attended Santa Clara University and holds a Bachelor of Science from the business school with a m

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