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Views: 110 DOM: 270 Updated: 05.20.24 Posted: 09.16.23 Status: Active

Summary

Price $1,900,000
Built/Renov 2023
Tenant Dutch Bros. (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 1,499
Lease Start 01-27-2023
#Units 716
Price/SF $1,267.51
Expiration 01-31-2038
Tenant Type Fast Food/QSR
NOI $95,000
R. Term 13.7
Ownership Ground Lease
Rent/SF $63.38
Increases 10.0%/5/yrs
Pop 5Mi 109,145
Lot/AC 0.86
Options 4/5yrs/10%
AHHI 5Mi $82,876

Lease Highlights

  • Brand new 2023 construction
  • Dutch Bros. recently signed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Boersma Bros. LLC 

Location Description

This Dutch Bros., equipped with a drive-thru, is strategically located off the signalized, hard corner intersection of Gallatin Pike N. and Myatt Dr., averaging 53,500 combined vehicles passing by daily. The property is part of a larger development that features TJ Maxx, Olive Garden, Whataburger, Concentra, and more, promoting significant crossover store exposure to the site. The immediate...

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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 : 5,599 44,056 112,223
2023 Total Population : 5,574 43,744 109,494
2023 Employed Civilian Pop : 3,100 22,556 57,717
2023 Total Businesses : 600 2,042 4,011
2023 Average Household Income : $ 72,286 $ 71,148 $ 82,980
2023 Total Consumer Spending : $ 157 M $ 1158 M $ 3324 M
2023 Median Age : 37 37 40
2023 Total Households : 2,479 18,595 46,090
2023 Pop Age 25+: Bachelor's Degree : 735 5,850 16,705
2023 Average Home Value : $ 289,623 $ 327,578 $ 362,514
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 31E Alta Loma Rd 2021 26,747 0.19 mi
Gallatin Pike Riverchase Blvd 2022 31,639 0.30 mi
US 31E Cude Ln 2021 35,496 0.30 mi
Alta Loma Road Monticello Ave 2022 8,540 0.51 mi
Myatt Dr Edenwold 2007 27,110 0.55 mi
Gallatin Pike N Twin Hills Dr 2013 31,803 0.56 mi
Rivergate Parkway Wren Rd 2022 26,667 0.56 mi
Myatt Drive Spring Branch Rd 2022 25,853 0.60 mi
MYATT DR. Edenwold Rd 2021 28,763 0.60 mi
Vietnam Veterans Blvd Vietnam Veterans Blvd 2022 71,778 0.70 mi

Listing Broker

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