Price $2,395,000 | Built/Renov 2023 | Tenant Dutch Bros. |
Cap Rate 5.15% | Lease Type
Abs NNN | Guarantor Corp Traded |
Size/SF
950
| Lease Start
10-31-2023
| #Units
716
|
Price/SF $2,521.05 | Expiration
10-31-2043
| Tenant Type Fast Food/QSR |
NOI $123,298 | R. Term 19.10 | Ownership Fee Simple |
Rent/SF
$129.79
| Increases 10.0%/5/yrs | Pop 5Mi 36,114 |
Lot/AC 1.43 | Options 3/5yrs/10% | AHHI 5Mi $81,827 |
| |
Dutch Bros is strategically situated at the northeast corner of Illinois Avenue/Highway 62 and Tulsa Road, with an average daily traffic count of 27,300 vehicles. The subject property benefits from being a prime, hard-corner signalized intersection, making it highly visible and easily accessible. Adjacent to the site is a thriving retail corridor in the trade area. The surrounding area is home...
...New construction
Signalized intersection
Strategically located
Highway location
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
Publicly traded company
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...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 4,788 | 22,606 | 37,871 |
2023 Total Population : | 4,575 | 22,213 | 37,503 |
2023 Employed Civilian Pop : | 2,037 | 9,488 | 15,980 |
2023 Total Businesses : | 374 | 1,211 | 1,509 |
2023 Average Household Income : | $ 62,915 | $ 74,228 | $ 90,164 |
2023 Total Consumer Spending : | $ 122 M | $ 630 M | $ 1251 M |
2023 Median Age : | 38 | 43 | 45 |
2023 Total Households : | 2,204 | 9,707 | 16,018 |
2023 Pop Age 25+: Bachelor's Degree : | 598 | 2,816 | 5,223 |
2023 Average Home Value : | $ 227,819 | $ 206,397 | $ 240,037 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
OAK RIDGE | Badger Ave | 2019 | 29,671 | 0.13 mi |
TN 62 | Badger Ave | 2021 | 29,823 | 0.20 mi |
ROBERTSVILLE RD. | Raleigh Rd | 2021 | 3,755 | 0.35 mi |
Tuskegee Dr | S Illinois Ave | 2004 | 1,770 | 0.36 mi |
OAK RIDGE | Raleigh Rd | 2019 | 4,224 | 0.36 mi |
TUSKEGEE DR. | Wilburforce Ave | 2021 | 1,514 | 0.38 mi |
South Tulane Avenue | Oak Ridge University | 2018 | 6,888 | 0.38 mi |
S. TULANE AVE. | Oak Ridge University | 2021 | 7,661 | 0.39 mi |
Wilburforce Ave | 2021 | 3,663 | 0.47 mi | |
E Tulsa Rd | Wilburforce Ave | 2004 | 3,420 | 0.50 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]