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Views: 66 DOM: 201 Updated: 04.26.24 Posted: 11.08.23 Status: Active

Summary

Price $1,660,000
Built/Renov 2023
Tenant Dutch Bros. (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 935
Lease Start 10-01-2023
#Units 716
Price/SF $1,775.40
Expiration 10-01-2038
Tenant Type Fast Food/QSR
NOI $83,000
R. Term 14.4
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

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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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. 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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