Dutch Bros. (GL)

4842 Main Street, The Colony, TX 75056

$2,100,000

Cap Rate 5.24%

$2,200,000

Cap Rate 5.00%

DOM: 39 Updated: 01.12.24 Posted: 10.27.23 Status: Sold 12.06.23

Summary

Price $2,100,000 $2,200,000	Built/Renov 2023	Tenant Dutch Bros. (GL)
Cap Rate 5.24% 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 950	Lease Start 11-30-2023	#Units 716
Price/SF $2,210.53 $2,315.79	Expiration 11-30-2038	Tenant Type Fast Food/QSR
NOI $110,000	R. Term 13.6	Ownership Ground Lease
Rent/SF $115.79	Increases 10.0%/5/yrs	Pop 5Mi 219,709
Lot/AC 1.01	Options 4/5yrs/10%	AHHI 5Mi $148,415

Lease Highlights

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

Location Description

This newly constructed, double drive-thru Dutch Bros. is strategically located, with excellent frontage and convenient ingress and egress along Main St., which sees 64,000+ vehicles per day. It is within close proximity to The Colony High School with over 2,000 students and The Colony Five Star Complex, an 80-acre sports complex with 5 baseball fields, 6 soccer fields, 2 football fields, and 2...

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Key Features

New construction
High traffic 50M+ VPD
Major thoroughfare
Highway close
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Dutch Bros. Coffee Wikipedia Dutch Bros. Coffee Wikipedia The Colony, Texas Zip Code 75056 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dutch Bros. Coffee
Guarantor:Corp Traded
Company:Boersma Bros. LLC
# Units:716
Stock: NYSE: BROS

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 :	7,919	82,774	222,993
2023 Total Population :	7,927	80,141	217,549
2023 Employed Civilian Pop :	4,513	47,725	124,331
2023 Total Businesses :	446	1,699	8,489
2023 Average Household Income :	$ 132,906	$ 153,974	$ 157,251
2023 Total Consumer Spending :	$ 316 M	$ 4188 M	$ 11529 M
2023 Median Age :	36	36	37
2023 Total Households :	2,787	32,197	86,597
2023 Pop Age 25+: Bachelor's Degree :	1,527	21,665	59,740
2023 Average Home Value :	$ 327,073	$ 482,642	$ 511,772

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main St	Ridgepointe Dr	2009	42,420	0.19 mi
S Colony Blvd	Branch Hollow Dr	2009	8,880	0.24 mi
Blair Oaks Dr	Avery Ln	2009	5,300	0.42 mi
Blair Oaks Dr	S Colony Blvd	2009	7,440	0.45 mi
Memorial Dr	Main St	2009	6,810	0.55 mi
Memorial Drive		2009	6,860	0.58 mi
Hetherington Dr	Hetherington Cir	2009	670	0.64 mi
Clover Valley Dr	Avery Ln	2009	1,150	0.67 mi
Main Street	E Hwy 121	2020	42,560	0.67 mi
Main St	E Hwy 121	2016	22,549	0.69 mi

Listing Broker

Scott DeYoung

Faris Lee Investments

Contact

34 Listings
5959 Views
20 Sold

Greg Lukosky

Faris Lee Investments

Contact

16 Listings
3615 Views
5 Sold

Scott DeYoung

As a Senior Managing Director at Faris Lee Investments, Mr. DeYoung was the co-top producer at the Company in 2021. Mr. DeYoung has more than a decade of brokerage experience and currently holds real estate broker licenses in California, Florida, Montana, and Hawaii. Mr. DeYoung is a fifth-generation broker and developer in Southern California, as well as an active real estate investor. In 2021, Mr. DeYoung acquired and disposed of over $26M in commercial real estate as a General Partner. His e

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Greg Lukosky

Experienced, enthusiastic, and accomplished real estate executive with a distinct advantage of management positions in both Corporate Real Estate and Shopping Center Development. Seeking position with a company that will benefit from a creative and analytical background. Experienced in all aspects and phases of both Asset Management and Development from both the developer/owner and tenant perspective as a result of combined 20+ years within private retail development and corporate real estate.

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Jeff Conover

Faris Lee Investments

Contact

33 Listings
5929 Views
19 Sold

Jeff Conover

Jeff Conover was appointed Managing Principal at Faris Lee Investments in 2021 and has 34 years of transactional brokerage experience within the commercial real estate industry across the U.S. As Managing Principal of Faris Lee Investments, a national leading retail advisory and investment sales firm, Mr. Conover is a top producer year-over-year with proven performance specializing in the disposition of single tenant NNN leased investments, multi-tenant shopping centers, national portfolios &am

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