Dutch Bros | New 20yr Corp Abs NNN w/ Incrs
950 SF | Retail Building | Jacksonville, FL 32244 | $3,019,000 ($3,178/SF) | 4.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,019,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 950 SF
- Price / Square Foot
- $3,178
Listing Contacts
Kyle Fant
Verified Profile
Britt Raymond
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple (land & building ownership) interest in an absolute NNN leased, corporate guaranteed, dual drive-thru equipped, Dutch Bros. Coffee investment property located in Jacksonville, Florida. The tenant recently signed a brand new 20-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with no landlord responsibilities, making it an ideal investment opportunity for a passive investor in a state with no state income tax. Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 971 locations throughout 14 states,
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 51,836 SF
Highlights
- Corporate Guaranteed (NYSE: BROS) | Brand New 20-Year Lease | Scheduled Rental Increases | Options To Extend
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Argyle Village Shopping Center (3.7M+ Visitors) | Publix Anchored | Dense Retail Corridor | National/Credit Tenant Presence
- Located Along Argyle Forest Blvd. | Dual Drive-Thru | Brand New Construction | Excellent Visibility and Access
- Strong Demographics In 5-Mile Trade Area | Jacksonville FL
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