Dutch Bros | Jefferson City, TN
Retail | 5.35% CAP | 950 SqFt
Marketing description
SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, corporate guaranteed, Dutch Bros investment property located in Jefferson City, TN. The tenant, Dutch Bros, recently signed a brand new 15-year lease with 3 (5-year) option periods, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by Boersma Bros, LLC and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment property for a passive investor. The recently opened asset features a state-of-the-art design constructed with the highest-quality materials available.
Dutch Bros is strategically located along Broadway Boulevard with clear visibility and access to an average of 26,100 vehicles passing by daily. The property also benefits from nearby access to State highway 92 (16,600 VPD), making it a centralized location with easy access. Dutch Bros is ideally situated within a dense and actively developing retail trade area with numerous established national tenants including Walmart Supercenter, Lowe’s, Big Lots, Tractor Supply Co., O’Reilly Auto Parts, CVS Pharmacy, and others alongside recent developments such as Arby’s, Tidal Spa and City Pointe Center. The strong tenant presence drives a steady stream of loyal, local consumers, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Cherokee Terrace (37 units), Heritage Court (45 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 22,600 residents and 7,100 daytime employees with a healthy average household income of $88,593. Additionally, the site benefits from its location within the Knoxville MSA, a growing economic hub of more than 900,000 residents that supports sustained consumer demand and investor interest.
Investment highlights
- Brand new 15-year lease with 3 (5-year) option periods and 10% rent increases every 5 years
- Corporate Guaranty – Dutch Bros has 1000+ locations with a market cap of approximately $10 billion (NYSE: BROS)
- Open and operating (grand opening was July 2025)
- Strategically located along Broadway Boulevard (26,100 VPD)
- Actively developing retail corridor anchored by a strong mix of national tenants, including Walmart Supercenter, Lowe’s, Big Lots, Tractor Supply Co., O’Reilly Auto Parts, and CVS Pharmacy
- Notable recent developments including Arby’s, Tidal Spa, and City Point Center
- Located just 4 minutes from Carson-Newman University | Over 2,700 enrolled students
- Situated just 30 miles from downtown Knoxville and is part of the Knoxville Metropolitan Statistical Area (MSA)
- Site directly adjacent soon to be developed to class A reatil, along with a new ORNL Federal Credit Union being built across the street
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