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Views: 36 DOM: 63 Updated: 05.10.24 Posted: 03.25.24 Status: Active

Summary

Price $1,571,400
Built/Renov 2024
Tenant Dutch Bros. Coffee (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 800
Lease Start 05-01-2024
#Units 831
Price/SF $1,964.25
Expiration 04-30-2039
Tenant Type Fast Food/QSR
NOI $82,500
R. Term 14.11
Ownership Ground Lease
Rent/SF $103.13
Increases 10.0%/5/yrs
Pop 5Mi 73,330
Lot/AC 0.74
Options 4/5yrs/10%
AHHI 5Mi $73,537

Lease Highlights

  • Brand-new 2024 construction | Drive-thru
  • Dutch Bros. to sign a new 15-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NYSE: BROS)

Location Description

Dutch Bros. Coffee is strategically located at the signalized, hard corner intersection of W Poplar Ave/Hwy 190 and S Jaye Street, with access to a substantial combined daily traffic count of 67,700 vehicles. The property is located within Riverwalk Marketplace, anchored by Lowe’s, and is conveniently close to the Walmart Distribution Center and Porterville College. The immediate trade area is...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,991 43,322 74,805
2023 Total Population : 9,069 43,052 73,979
2023 Employed Civilian Pop : 2,760 15,395 28,578
2023 Total Businesses : 109 1,138 1,639
2023 Average Household Income : $ 62,844 $ 63,100 $ 74,050
2023 Total Consumer Spending : $ 135 M $ 668 M $ 1378 M
2023 Median Age : 28 29 31
2023 Total Households : 2,486 12,157 21,410
2023 Pop Age 25+: Bachelor's Degree : 212 1,939 4,133
2023 Average Home Value : $ 223,356 $ 277,816 $ 302,448
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Leggett St E Date Ave 2011 1,030 0.33 mi
E Date Ave S Leggett St 2012 6,600 0.35 mi
E Success Dr Ruth St 2011 940 0.36 mi
E Date Ave S Ruth St 2006 5,900 0.36 mi
E Date Ave S Leggett St 2011 8,470 0.40 mi
S Leggett St E Date Ave 2011 2,690 0.41 mi
State Rte 190 S Plano St 2009 11,280 0.50 mi
E Orange Ave S Maurer St 2010 1,900 0.54 mi
190 S Pike St 2018 12,000 0.60 mi
S Plano St Poplar Ave 2009 15,926 0.65 mi

Listing Broker

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