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Dutch Bros Coffee - SEQ FM 1960 & Walters Rd

Dutch Bros Coffee - Houston, TX Single Tenant Absolute NNN Opportunity

Listing Contacts

Active

Asking Price: $1,870,000
Listing Broker NameBlue Ox Brokerage, LLC
Address 

3665 Farm to Market 1960 Rd W, Houston, TX 77068

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Date Added
Mar 8, 2023
Days on Market
744 days
Time Since Last Update
67 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeStabilized
Investment Sub TypeAbsolute NNN
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Lease Term15 years
Lease Commencement01/27/2023
Remaining Term15 years
Cap Rate5.40%
Occupancy100%
Occupancy Date01/27/2023
Units1
Year Built2022
Buildings1
Stories1
Lot Size (sq ft)38,891
Broker Co-OpYes
Ground LeaseYes

Marketing Description

LONG TERM, ABSOLUTE NNN LEASE

15-year base lease term with no landlord responsibilities.​

BRAND NEW CONSTRUCTION

Dutch Bros Coffee is newly constructed with an estimated opening of Q1 2023.​ Rent

commenced January 2023.​

INCREDIBLE ACCESS WITH GREAT EXPOSURE

Located along FM 1960, one of the main thoroughfares within the trade area, with exposure to over 23,000 cars per day.​

SURROUNDED BY NATIONAL RETAILERS

Dutch Bros Coffee is amidst several national retailers in the surrounding area.​ These retailers include: Walmart, Home Depot, CVS, Chick-fil-a, Taco Bell, U-Haul and several others.​

Investment Highlights

The Blue Ox Group is pleased to offer the opportunity to acquire the feesimple interest (land ownership) in an absolute NNN leased, Dutch Bros Coffee investment property located in Houston, TX. The Tenant, Dutch Bros Coffee recently signed a brand new, long-term, 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and each option period. This attractive rent structure and steadily growing NOI hedges against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment for the passive investor.

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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Broker Name
Blue Ox Brokerage, LLC
Broker License
TX 9009549
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