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Views: 41 DOM: 41 Updated: 05.02.24 Posted: 05.02.24 Status: Active

Summary

Price $1,900,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 12-11-2023
#Units 831
Price/SF $2,000.00
Expiration 12-31-2038
Tenant Type Fast Food/QSR
NOI $95,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $100.00
Increases 10.0%/5/yrs
Pop 5Mi 108,933
Lot/AC 0.63
Options 4/5yrs/10%
AHHI 5Mi $92,892

Lease Highlights

  • Brand new 2024 construction
  • Dutch Bros Coffee has 14+ years remaining on the current ground 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 at the signalized, hard corner intersection of Date Palm Drive and Dinah Shore Drive, with access to a combined daily traffic count of 43,000 vehicles. The property serves as an outparcel at a high-performing Food-4-Less (Kroger) anchored shopping center. It is also conveniently located near California State University, College of the Desert, and...

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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. Most of its stores are...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 15,874 61,410 110,032
2023 Total Population : 15,816 60,764 107,890
2023 Employed Civilian Pop : 6,123 25,667 45,107
2023 Total Businesses : 324 2,088 4,612
2023 Average Household Income : $ 72,104 $ 102,594 $ 109,552
2023 Total Consumer Spending : $ 371 M $ 2160 M $ 4500 M
2023 Median Age : 37 45 52
2023 Total Households : 5,849 24,211 47,377
2023 Pop Age 25+: Bachelor's Degree : 1,609 8,258 17,684
2023 Average Home Value : $ 460,210 $ 588,496 $ 620,594
*ESRI data is presented for informational purposes only

Listing Broker

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