Dutch Bros Coffee

4310 West 6th Avenue, Stillwater, OK 74074

$2,273,000

Cap Rate 5.50%

Views: 111 DOM: 209 Updated: 07.04.24 Posted: 05.08.24 Status: Active

Summary

Price $2,273,000	Built/Renov 2023	Tenant Dutch Bros Coffee
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 981	Lease Start 08-25-2023	#Units 831
Price/SF $2,317.02	Expiration 08-31-2038	Tenant Type Fast Food/QSR
NOI $125,000	R. Term 13.9	Ownership Fee Simple
Rent/SF $127.42	Increases 10.0%/5/yrs	Pop 5Mi 49,410
Lot/AC 0.60	Options 4/5yrs/10%	AHHI 5Mi $68,557

Lease Highlights

Brand new 2023 construction
Dutch Bros Coffee has 14+ years remaining on the current lease term with 4 (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 West 6th Avenue, with access to 14,400 vehicles passing by daily. The property is conveniently situated across from a shopping center anchored by a Walmart Supercenter. It is also just 2.5 miles from Oklahoma State University, which boasts an enrollment of over 34,000 students. Additionally, the site is adjacent to a newly established car wash and...

...

Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Strategically located
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

...

Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Stillwater, Oklahoma Zip Code 74074 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,434	25,861	49,547
2023 Total Population :	3,406	25,761	49,410
2023 Employed Civilian Pop :	1,685	12,130	23,948
2023 Total Businesses :	147	902	2,177
2023 Average Household Income :	$ 100,949	$ 85,789	$ 68,557
2023 Total Consumer Spending :	$ 134 M	$ 605 M	$ 1127 M
2023 Median Age :	36	24	26
2023 Total Households :	1,549	8,119	18,778
2023 Pop Age 25+: Bachelor's Degree :	1,132	3,759	7,278
2023 Average Home Value :	$ 312,877	$ 336,810	$ 299,293

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Country Club Road	Edgemoor Dr	2019	5,400	0.64 mi
North Country Club Road	Country Club Rd	2019	7,400	0.68 mi
South Sangre Road	W 15th Ave	2019	4,600	0.86 mi
West 19th Avenue	S Berkshire Dr	2019	4,700	1.03 mi
West 19th Avenue	S Ashton Dr	2019	7,500	1.49 mi
South Country Club Road		2019	1,500	1.54 mi
South Western Road		2019	15,800	1.60 mi
South Western Road	W 7th Pl	2019	11,500	1.61 mi
	N3290 Rd	2019	12,861	1.62 mi
South Western Road	W Sherwood Ave	2019	15,100	1.65 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
29546 Views
23 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
28486 Views
21 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

...

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT