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Views: 135 DOM: 280 Updated: 08.12.24 Posted: 03.07.24 Status: Contract

Summary

Price $2,885,000
Built/Renov 2024
Tenant Dutch Bros. Coffee
Cap Rate 5.20%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 05-01-2024
#Units 831
Price/SF $3,036.84
Expiration 04-30-2039
Tenant Type Fast Food/QSR
NOI $150,000
R. Term 14.4
Ownership Fee Simple
Rent/SF $157.89
Increases 10.0%/5/yrs
Pop 5Mi 91,468
Lot/AC 0.83
Options 3/5yrs/10%
AHHI 5Mi $109,757

Lease Highlights

  • Brand-new 2024 construction
  • Dutch Bros. Coffee will be executing a brand-new 15- year lease with 3 (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 on Indian Lake Blvd, with access to 18,400 vehicles passing by daily. The property is conveniently situated adjacent to Indian Lake Marketplace, anchored by Publix. Nearby is the Maple Row Shopping Center, which boasts anchor stores like Kroger & PetSmart. Moreover, the site is close to Hendersonville High School and less than 1.5 miles from The...

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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 : 6,012 46,593 95,031
2023 Total Population : 5,901 45,520 91,468
2023 Employed Civilian Pop : 2,877 24,520 47,996
2023 Total Businesses : 585 1,978 2,711
2023 Average Household Income : $ 101,854 $ 102,362 $ 109,757
2023 Total Consumer Spending : $ 201 M $ 1598 M $ 3342 M
2023 Median Age : 44 42 42
2023 Total Households : 2,304 18,251 35,670
2023 Pop Age 25+: Bachelor's Degree : 859 8,153 18,306
2023 Average Home Value : $ 379,642 $ 424,449 $ 435,193
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Indian Lake Boulevard Maple Dr N 2022 17,427 0.35 mi
INDIAN LAKE BLVD. Maple Dr N 2021 18,507 0.35 mi
Maple Drive Maple Dr N 2022 3,654 0.50 mi
US 31E W Main St 2021 35,829 0.50 mi
East Main Street Maple Row Blvd 2022 29,217 0.50 mi
Indian Lake Road Maple Row Blvd 2022 9,508 0.52 mi
INDIAN LAKE BLVD. Saratoga Blvd 2021 10,508 0.52 mi
Cherokee Road Sequoyah Dr 2022 5,910 0.65 mi
Old Shackle Island Rd Cole Dr 2008 10,697 0.75 mi
Old Shackle Island Road Volunteer Dr 2022 10,714 0.78 mi

Listing Broker

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