Dutch Bros Coffee
950 SF | Retail Building | Lenexa, KS 66219 | $2,207,547 ($2,324/SF) | 5.30% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,207,547
- Property Type
-
Retail
- Square Feet
- 950 SF
- Price / Square Foot
- $2,324
Listing Contacts
Matt Lipson
Verified Profile
Mike Philbin
Verified Profile
Enoch Escalera
Verified Profile
Chad Byerly
Verified Profile
- Property Info
Property Overview
Northmarq is pleased to offer for sale this exclusive single-tenant drive-thru Dutch Bros property located in Lenexa, KS - 18 miles Southwest of Downtown Kansas City. This brand-new construction corporately guaranteed Dutch Bros features an absolute NNN lease that calls for 10% increases every 5 years in the base term and each renewal option. The property is strategically located at intersection of K-10 Highway & Ridgeview Rd, a major arterial of Lenexa, projected to provide a 100k+ combined traffic count. This area benefits from excellent traffic drivers such as the Olathe Conference Center, Corporate Ridge, and Garmin Olathe Soccer Complex + Ridgeway Marketplace, which sees 1.5+ million visitors yearly (placer.ai). Furthermore, there are 10+ business parks within 2 exits. The area has seen strong interest from national retailers, and West Star Development is well underway constructing “The Vista” master planned development. According to West Star, the immediate 225 acres will include quick service, restaurant, medical office, upscale retail and dining, office, and residential space. Key highlights include a 3 million SF executive park, and 100k SF of medical offices and laboratories.
Property Details
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 35,719 SF
Highlights
- 2023 Construction
- New 15-Year Absolute NNN Lease
- Kansas City MSA
- Very High Traffic Count
- Affluent Area
- New Master Planned Development in Progress
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