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| Price $1,937,000 | Built/Renov 2023 | Tenant Dutch Bros. (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
950
| Lease Start
09-01-2023
| #Units
716
|
| Price/SF $2,038.95 | Expiration
08-31-2038
| Tenant Type Fast Food/QSR |
| NOI $92,000 | R. Term 13.3 | Ownership Ground Lease |
| Rent/SF
$96.84
| Increases 10.0%/5/yrs | Pop 5Mi 27,988 |
| Lot/AC 0.85 | Options 3/5yrs/10% | AHHI 5Mi $61,122 |
| | |
This newly constructed Dutch Bros., equipped with a double drive-thru and covered patio, is located at the northwest corner of Birch Avenue and Paso Robles Highway (18,600 VPD).It is positioned within one of the city’s newest developments, anchored by Grocery Outlet, and is near major national tenants including Include Walmart Supercenter, McDonald’s, Starbucks, Taco Bell, Dollar Tree,...
...New construction
New prototype
Dense retail corridor
Highway location
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,106 | 23,373 | 28,171 |
| 2023 Total Population : | 11,993 | 23,194 | 27,988 |
| 2023 Employed Civilian Pop : | 4,935 | 8,990 | 9,176 |
| 2023 Total Businesses : | 312 | 419 | 449 |
| 2023 Average Household Income : | $ 63,471 | $ 67,371 | $ 68,122 |
| 2023 Total Consumer Spending : | $ 184 M | $ 372 M | $ 382 M |
| 2023 Median Age : | 29 | 28 | 29 |
| 2023 Total Households : | 3,298 | 6,296 | 6,402 |
| 2023 Pop Age 25+: Bachelor's Degree : | 258 | 580 | 634 |
| 2023 Average Home Value : | $ 250,607 | $ 290,025 | $ 291,467 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Paso Robles Hwy | N Poplar Ave | 2017 | 18,600 | 0.17 mi |
| 4th St | Poplar Ave | 2017 | 493 | 0.26 mi |
| 5th St | N Griffith Ave | 2017 | 1,953 | 0.33 mi |
| Broadway | 4th Pl | 2017 | 1,962 | 0.36 mi |
| Palm Avenue | 9th Pl | 2021 | 16,350 | 0.37 mi |
| Palm Ave | Persimmon St | 2017 | 3,005 | 0.41 mi |
| Paso Robles Hwy | Peters St | 2017 | 17,600 | 0.46 mi |
| 46 | 2018 | 17,700 | 0.49 mi | |
| Paso Robles Highway | E St | 2021 | 9,250 | 0.50 mi |
| 7th St | Cedar Ave | 2017 | 3,322 | 0.51 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
