Dutch Bros Coffee Ground Lease
950 SF | Retail Building | Clermont, FL 34711 | $2,467,000 ($2,597/SF) | 4.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,467,000
- Sale Condition
- Ground Lease (Leased Fee)
- Property Type
-
Retail, Restaurant
- Square Feet
- 950 SF
- Price / Square Foot
- $2,597
Listing Contacts
Putnam Daily
Verified Profile
Lindsey Snider
Verified Profile
- Property Info
Property Overview
The subject property is prominently located with excellent access and visibility along US-27 (42,000 AADT). The site benefits from robust demographics with a population of 94,414 within a 5 mile radius and annual growth rate of 2.42%. Average household income within 1 mile of the site is $113,610.
The site benefits from a prominent retail location in close proximity to major retail tenants, shopping centers, employers, and schools. Major shopping centers in the surrounding area include Clermont Landing, anchored by Epic Theaters & TJ Maxx; Clermont Town Center, anchored by The Home Depot & Publix; and Citrus Tower Village, anchored by Publix. Other major retail tenants in the surrounding area include Kohl’s, Walmart Supercenter, ALDI, BJs, Winn-Dixie, Key Food, At Home, and more. The property is located approximately 3 miles from Orlando Health South Lake Hospital, one of Clermont’s largest employers, and approximately 4 miles from Lake-Sumpter State College’s South Lake Campus, which serves more than 2,000 students.
This property is listed in conjunction with Florida-licensed real estate broker Robert Long.
The site benefits from a prominent retail location in close proximity to major retail tenants, shopping centers, employers, and schools. Major shopping centers in the surrounding area include Clermont Landing, anchored by Epic Theaters & TJ Maxx; Clermont Town Center, anchored by The Home Depot & Publix; and Citrus Tower Village, anchored by Publix. Other major retail tenants in the surrounding area include Kohl’s, Walmart Supercenter, ALDI, BJs, Winn-Dixie, Key Food, At Home, and more. The property is located approximately 3 miles from Orlando Health South Lake Hospital, one of Clermont’s largest employers, and approximately 4 miles from Lake-Sumpter State College’s South Lake Campus, which serves more than 2,000 students.
This property is listed in conjunction with Florida-licensed real estate broker Robert Long.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 31,363 SF
Highlights
- Brand New 15 Year NNN Ground Lease to Dutch Bros Coffee (NYSE: BROS) with Corporate Guarantee
- Scheduled 10% Rental Escalations in Primary Term & Options
- 2024 Construction with Double Drive-Thru Component
- Company-Operated Shop Gross Profit was $57 Million as Compared to $34.7 Million in the Same Period of 2022
- Population of 94,414 & Annual Rate of 2.42% within 5 Mile Radius
- Average Household Income of $113,610 within 1 Mile of Site
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