loader
Join Free
Views: 120 DOM: 34 Updated: 06.03.24 Posted: 05.09.24 Status: Active

Summary

Price $1,700,000
Built/Renov 2024
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 06-01-2024
#Units 831
Price/SF $1,789.47
Expiration 05-31-2039
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $89.47
Increases 10.0%/5/yrs
Pop 5Mi 56,858
Lot/AC 0.95
Options 3/5yrs/10%
AHHI 5Mi $105,303

Lease Highlights

  • Brand new 2024 construction 
  • Dutch Bros Coffee will be executing a brand new 15-year ground 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 Highway 77, a high-traffic retail corridor, with access to 33,194 vehicles passing by daily. The property is further enhanced by its proximity to a spur of new developments such as the Shops at Waxahachie, a retail strip center directly neighboring the site, as well as the new Tom Thumb supermarket that is being developed across the street and will...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity