Dutch Bros | New 20yr Corp Abs NNN Grd Lse
950 SF | 4-Star Retail Building | Daytona Beach, FL 32119 | $2,312,000 ($2,434/SF) | 4.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,312,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 950 SF
- Price / Square Foot
- $2,434
Listing Contacts
Britt Raymond
Verified Profile
Kyle Fant
Verified Profile
- Property Info
Property Overview
• The tenant has 20 years remaining on their lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states
• 2024 construction which features high quality materials, distinct design elements, and high-level finishes
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states
• 2024 construction which features high quality materials, distinct design elements, and high-level finishes
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 104,980 SF
Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2024 Construction
- Daytona International Speedway & Daytona International Airport |LPGA International (36-Holes) | Desirable Place To Live Via US News
- Signalized, Hard Corner Intersection | Surrounding Retailers |Across From The Shoppes at Beville Road | Off I-95
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax
- Significant Population Growth
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