Dutch Bros. (GL)

Bellaire Boulevard, Houston, TX 77074

$1,596,153

Cap Rate 5.20%

Views: 104 DOM: 262 Updated: 07.19.24 Posted: 11.08.23 Status: Active

Summary

Price $1,596,153	Built/Renov 2023	Tenant Dutch Bros. (GL)
Cap Rate 5.20%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 935	Lease Start 10-01-2023	#Units 716
Price/SF $1,707.12	Expiration 10-01-2038	Tenant Type Fast Food/QSR
NOI $83,000	R. Term 14.2	Ownership Ground Lease
Rent/SF $88.77	Increases 10.0%/5/yrs	Pop 5Mi 558,334
Lot/AC 0.53	Options 4/5yrs/10%	AHHI 5Mi $121,154

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
Dutch Bros. signed a new 15-year ground lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This newly constructed Dutch Bros. is strategically located on the northeast corner of Bellaire Blvd. (48,920+ VPD) and Highway 59 (203,000+ VPD). It is positioned across the street from PlazAmericas, a 1 million+ SF shopping mall featuring over 150 stores with a diverse variety of retailers, restaurants, and entertainment. Other nearby national tenants include Circle K, Popeyes, Dairy Queen,...

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Key Features

New construction
High traffic 50M+ VPD
Dense retail corridor
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia Houston, Texas Zip Code 77074 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dutch Bros.
Guarantor:Corp Traded
Company:Boersma Bros. LLC
# Units:716
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. The vast majority of its...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	17,625	176,719	413,945
2023 Total Population :	17,674	175,748	407,770
2023 Employed Civilian Pop :	8,573	87,634	204,854
2023 Total Businesses :	772	4,289	12,374
2023 Average Household Income :	$ 70,135	$ 79,205	$ 89,282
2023 Total Consumer Spending :	$ 344 M	$ 3965 M	$ 11069 M
2023 Median Age :	32	34	34
2023 Total Households :	5,632	57,861	143,306
2023 Pop Age 25+: Bachelor's Degree :	1,982	23,568	66,720
2023 Average Home Value :	$ 226,295	$ 259,025	$ 300,366

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Sugarland Howell Rd	Bellaire Blvd	2012	5,819	0.24 mi
Bellaire Blvd	Addicks Howell Rd	2011	23,460	0.27 mi
Bellaire Blvd	Sugarland Howell Rd	2014	33,551	0.31 mi
Addicks Howell Rd	Bellaire Blvd	2006	46,580	0.35 mi
Bellaire Blvd	Addicks Howell Rd	2014	26,130	0.44 mi
	Hwy 6 Access Rd	2021	6,161	0.47 mi
Sugarland Howell Rd	Empanada Dr	2012	10,739	0.50 mi
Alief Clodine Road	Howell Sugar Land Rd	2019	24,164	0.52 mi
WPT	Howell Sugar Land Rd	2021	39,732	0.53 mi
Alief Clodine Rd	Sugarland Howell Rd	2011	32,650	0.54 mi

Listing Broker

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