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Views: 78 DOM: 183 Updated: 06.20.24 Posted: 01.11.24 Status: Active

Summary

Price $2,000,000
Built/Renov 2024
Tenant Dutch Bros. (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 04-01-2024
#Units 716
Price/SF $2,105.26
Expiration 03-31-2039
Tenant Type Fast Food/QSR
NOI $95,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $100.00
Increases 10.0%/5/yrs
Pop 5Mi 45,511
Lot/AC 0.77
Options 3/5yrs/10%
AHHI 5Mi $192,643

Lease Highlights

  • Brand-new 2024 construction
  • Dutch Bros recently signed a brand-new 15-year ground lease with 3 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros is strategically located on US-290, with excellent visibility and access to a daily traffic count of 28,820 vehicles. Conveniently situated at the junction with Ledgestone Drive, the property is adjacent to the Belterra Village mixed-use development, which is a key component of a master-planned community. Belterra Village encompasses over 200,000 square feet of retail space, hosting...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 290 E Ledgestone Dr 2013 25,936 0.20 mi
Heritage Oaks Dr Carriage House Ln 2010 1,370 0.23 mi
Heritage Oaks Drive Carriage House Ln 2015 1,205 0.24 mi
TX 360 Ledgestone Dr 2020 28,820 0.34 mi
Nutty Brown Road Hwy 290 E 2021 4,932 0.56 mi
Nutty Brown Road Kit Carson Dr 2020 4,076 0.56 mi
Nutty Brown Rd Hwy 290 E 2011 3,913 0.58 mi
Nutty Brown Road Hwy 290 E 2015 7,128 0.59 mi
Oak Branch Dr Hwy 290 E 2010 400 0.61 mi
Oak Branch Drive Hwy 290 E 2015 255 0.63 mi

Listing Broker

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