44175 JEFFERSON ST La Quinta CA 92253-4872

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in La Quinta, California (Palm Desert). The tenant, BB Holdings CA, LLC, currently has over 10 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Boersma Bros. LLC and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Dutch Bros. Coffee is strategically located at the signalized, hard corner intersection of Jefferson Street and Fred Waring Drive, averaging a combined 59,200 vehicles passing by daily. The building is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The asset is ideally situated as an outparcel to Jefferson Square, a 40,000 square foot neighborhood center anchored by Fresh & Easy, CVS Pharmacy, and shadow-anchored by Walmart Neighborhood Market. Other nearby national/credit tenants include Walmart Supercenter, Costco Wholesale, Target, Lowe’s Home Improvement, Kohl’s, Hobby Lobby, and more, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. In addition, Dutch Bros. is located across from Herritage Palms Golf Club, a gated and bundled golf community with 1,662 residents, providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 161,000 residents and 56,000 daytime employees. Residents within 1 mile of the subject property boast a healthy average household income of $128,101.

• Over 10-Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Latest Prototype

• Signalized, Hard Corner Intersection | Drive-Thru Equipped

• Outparcel to Jefferson Square | Strong National/Credit Tenants | Herritage Palms Golf Club |Six-Figure Income | Direct Consumer Base

The subject property is comprised of 862 square feet of brand-new construction. The building sits on a large 25,056 Square Feet with frontage on Jefferson Street that oversees 28,000+ Vehicles Per Day.

Dutch Bros benefits from a substantial built-in customer base with a population of 276,300+ & 104,400+ households in a 10-mile radius, as well as an average household income of $93,211. Strategically located, Dutch Bros Coffee is out-pad to CVS Pharmacy and across the street from Walmart.

Dutch Bros. Coffee is the largest privately held drive-thru coffee chain in the U.S., with more than 400 stores across the Western United States. The company roasts all of its own coffee, a unique three-bean blend, and serves coffee, specialty espresso drinks, tea, Dutch chocolate milk, and

more. The company operates a unique franchising model, offering franchise opportunities only to existing employees of the company, ensuring high quality franchise operations. J.D. Power and associates has consistently ranked the company among the top specialty coffee companies for customer satisfaction.

BB Holdings CA, LLC, the lease entity, and Boersma Bros, LLC are subsidiaries of Dutch Mafia, Inc., the corporate entity for Dutch Bros. Coffee.

• Absolute-Net Lease: Brand New 15 Year Lease with Scheduled 10% Rental Escalations Every 5 Years Including the Three, 5 Year Options
• Excellent Access / Visibility: Located on Jefferson Street with Over 28,000+ Vehicles Per Day Perfect for Drive-Thru Food Users Thriving in COVID-19 Environment
• Strong Corporate Guaranty: Leased to Dutch Bros. Coffee the Largest Privately Held Drive-Thru Coffee Chain in the United States with 400+ Units.
• Dominant Retail Location: Next to CVS Pharmacy & Across the Street from Walmart & Walgreens Pharmacy. Next Closest Retail Center is Over 1.5 Miles Away. Next Closest Coffee Retail Location is 3 Miles Away.
• Four Schools Within 1.5 Miles of Dutch Bros: A Combined 3,216 Students; John Glenn Middle School, Amelia Earhart Elementary School, James Madison Elementary School, & Carrillo Ranch Elementary School
• Robust Demographics: In a 10 Mile Radius the Population Exceeds 276,310+; Households 104,489+ and an Average Household Income of $93,211+