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Views: 126 DOM: 71 Updated: 09.26.24 Posted: 07.31.24 Status: Active

Summary

Price $3,019,000
Built/Renov 2024
Tenant Dutch Bros. Coffee
Cap Rate 4.85%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 950
Lease Start 09-01-2024
#Units 831
Price/SF $3,177.89
Expiration 08-31-2044
Tenant Type Fast Food/QSR
NOI $146,407
R. Term 19.11
Ownership Fee Simple
Rent/SF $154.11
Increases 10.0%/5/yrs
Pop 5Mi 188,340
Lot/AC 1.19
Options 3/5yrs/10%
AHHI 5Mi $80,757

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dutch Bros. Coffee is strategically located on Argyle Forest Boulevard, a major retail and commuter thoroughfare, with access to 34,700 vehicles passing by daily. The property benefits from excellent visibility, significant street frontage, a large pylon sign, and multiple points of ingress/egress. It is conveniently situated near the highly trafficked Argyle Village Shopping Center, a...

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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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