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Views: 159 DOM: 41 Updated: 06.13.24 Posted: 06.01.24 Status: Active

Summary

Price $1,752,000
Built/Renov 2021
Tenant Dutch Bros Coffee (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 956
Lease Start 02-01-2021
#Units 831
Price/SF $1,832.64
Expiration 12-31-2036
Tenant Type Fast Food/QSR
NOI $92,000
R. Term 12.5
Ownership Ground Lease
Rent/SF $96.23
Increases 10.0%/5/yrs
Pop 5Mi 292,029
Lot/AC 0.62
Options 4/5yrs/10%
AHHI 5Mi $103,244

Lease Highlights

  • Dutch Bros Coffee has 12+ years remaining on the current ground lease term with 4 (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 at the signalized, hard corner intersection of Rufe Snow Dr. and Dick Lewis Dr., with access to a combined daily traffic count of 38,947 vehicles. The property is conveniently situated near the I-820 freeway, which boasts a traffic count of 177,970 VPD. Additionally, it is surrounded by well-known national tenants such as Walmart Supercenter, The Home...

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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. Most of its stores are...


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Listing Broker

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