CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://bit.ly/DutchBros_ElCentro
Rare Opportunity to Own a Fee Simple (Land & Building) Corporate Dutch Bros Drive-Thru (2,411 SF) with Long-Term Intrinsic Value:
Most Dutch Bros drive-thru prototypes are approximately 1,000 square feet; the building square footage for the offering in El Centro measures 2,411 square feet providing a future owner with a long-term sustainable building footprint well-positioned for future growth
New Single-Tenant Dutch Bros Coffee with Drive-Thru; Outparcel to Vons Anchored Shopping Center and Shadow Anchored by Smart & Final Extra:
New 15-year absolute NNN corporate lease (NYSE: BROS); 10% increases every 5 years during the initial term with three 5-year options
Brand new construction; scheduled to open March 2025; Tenant commenced paying rent as of January 1, 2025
No landlord responsibilities; passive single-tenant net leased asset
Dutch Bros (NYSE: BROS) is a publicly traded drive-thru coffee chain with 950 stores open in 18 states (as of September 30, 2024)
Dutch Bros reported a remarkable 30.7% year-over-year revenue growth for 2023 in its year-end earnings report
High-Traffic Location: Ideally situated adjacent to the high traffic intersection of Imperial Avenue and Adams Avenue (46,000 cars per day) in the heart of the submarket’s retail corridor
Imperial Avenue is the Primary Retail Corridor in the Imperial Valley: Nearby tenants include Vons, DG Market, Costco, Lowe’s, Target, Walmart Supercenter, ALDI, Ashely Homestore, Cardenas, dd’s Discounts, Food 4 Less, Grocery Outlet, Harbor Freight Tools, PetSmart, Planet Fitness, Ross Dress for Less, Smart & Final, and Tractor Supply
Strategically Located within Close Proximity to Dutch Bros Target Customer Base: 1 mile from Central Union High School (1,955 students) and Wilson Junior High School (640 students)
Premier Retail Shopping Destination: The property serves the Imperial Valley and Mexicali (Mexico), creating a combined primary customer base of approximately 1.5 million people
Regional Imperial Valley Location: El Centro is the largest city in Imperial County and is located 10 miles north of two Calexico/Mexicali border crossings, benefitting from nearly 20 million people crossing at these ports annually