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Dutch Bros | El Centro, CA

Pad to Grocery Anchored Center | New 15-Year Corporate Absolute NNN Lease

Listing Contacts

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Active

Asking Price: $2,800,000
Address 

740 N Imperial Ave, El Centro, CA 92243

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Date Added
Jan 14, 2025
Days on Market
66 days
Time Since Last Update
16 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Lease TypeAbsolute NNN
TenancySingle
Lease Commencement01/01/2025
Lease Expiration12/31/2039
Net Rentable (sq ft)2,411
Cap Rate5.00%
NOI$140,000
Year Built1985
Year Renovated2025
Lot Size (acres)0.32
Rent Bumps10% Every 5 Years
Broker Co-OpYes
APN064-560-032-000
Lease OptionsThree 5-Year @ 10% Increases
Ground LeaseNo

Marketing Description

CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://bit.​ly/DutchBros_ElCentro

Investment Highlights

  • 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 

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Due Diligence

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

Contact

Listing Contacts

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