Dutch Bros Coffee (GL)

1995 North Highway 77, Waxahachie, TX 75165

$1,619,000

Cap Rate 5.25%

Views: 229 DOM: 79 Updated: 07.22.24 Posted: 05.09.24 Status: Active

Summary

Price $1,619,000	Built/Renov 2024	Tenant Dutch Bros Coffee (GL)
Cap Rate 5.25%	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 14.10	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...

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Key Features

New construction
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Dutch Bros Coffee Wikipedia Dutch Bros Coffee Wikipedia Waxahachie, Texas Zip Code 75165 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:831
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. Most of its stores are...

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Listing Broker

Geoff Ficke

Colliers

Contact

10 Listings
906 Views
0 Sold

Jack France

Colliers

Contact

2 Listings
263 Views
0 Sold

Geoff Ficke

Geoff Ficke serves as Executive Vice President and is a member of the Institutional Capital Markets Group of Colliers International. Mr. Ficke focuses on the acquisition, disposition and capitalization of CTL, GSA and NNN properties and portfolios throughout the country. Mr. Ficke’s primary focus is representing sellers of investment grade assets leased to the federal government and other national credit tenants. Throughout Mr. Ficke's career he and his team have closed transactions valued at

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Jack France

Jack France serves as Associate and the Triple Net Specialist for the Institutional Capital Markets Group in the Dallas-Fort Worth office of Colliers International. Jack is a member of the Capital Markets Team, Net Leased Group, and Industrial Services Group. His specialization encompasses the acquisition, disposition, and capitalization of credit tenant retail and industrial properties nationally. Prior to working with Colliers, Jack was the business development & acquisition manager for a

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Zachary Ficke

Colliers

Contact

10 Listings
906 Views
0 Sold

Zachary Ficke

Zack Ficke serves as Vice President for the Institutional Capital Markets Group of Colliers International. Mr. Ficke specializes in acquisitions, dispositions, and project capitalization solutions for CTL, NNN, and Federal Government (GSA &VA) leased property throughout the United States. Mr. Ficke’s core focus is representation of developers and sellers of single-tenant, investment grade properties with experience in both portfolio transactions and sale-leaseback executions. In additi

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