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Updated: 01.28.24 Posted: 09.08.23 Status: Sold

Summary

Price $1,800,000 $1,886,000
Built/Renov 2023
Tenant Dutch Bros. (GL)
Cap Rate 5.50% 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 11-01-2023
#Units 719
Price/SF $1,894.74 $1,985.26
Expiration 11-01-2038
Tenant Type Fast Food/QSR
NOI $99,000
R. Term 13.6
Ownership Ground Lease
Rent/SF $104.21
Increases 10.0%/5/yrs
Pop 5Mi 115,461
Lot/AC 0.79
Options 3/5yrs/10%
AHHI 5Mi $119,325

Lease Highlights

  • New construction 2023
  • BB Holdings TX, LLC recently signed a brand-new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

This newly constructed property is strategically located near the signalized, hard-corner intersection of Potranco Road and State Highway 211, which averages a combined 30,600 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign along Potranco Road and has multiple points of ingress/egress. This Dutch Bros is ideally...

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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 : 6,389 53,391 148,720
2023 Total Population : 5,426 41,667 114,648
2023 Employed Civilian Pop : 2,716 21,376 56,471
2023 Total Businesses : 40 249 776
2023 Average Household Income : $ 133,140 $ 124,957 $ 119,432
2023 Total Consumer Spending : $ 171 M $ 1329 M $ 3636 M
2023 Median Age : 41 39 37
2023 Total Households : 1,497 12,337 35,392
2023 Pop Age 25+: Bachelor's Degree : 896 6,832 18,033
2023 Average Home Value : $ 330,623 $ 307,361 $ 287,625
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Potranco Road Hwy 211 2021 12,155 0.05 mi
Texas Research Parkway Citibank Dr 2021 18,408 0.18 mi
Omicron Dr Theta Dr 2000 500 0.54 mi
Citibank Dr Texas Research Pkwy 2010 3,280 0.65 mi
Lambda Dr Omicron Dr 2010 850 0.74 mi
Lambda Dr Omicron Dr 2000 490 1.00 mi
Texas Research Pkwy Grosenbacher Rd 2010 7,410 1.11 mi
Country Meadows Potranco Rd 2009 67 1.38 mi
Potranco Road FM 1957 2020 7,950 1.44 mi
S Rolling Oaks Ln N Rolling Oaks Ln 2014 1,677 1.67 mi

Listing Broker

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