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29469655
29469656

10855 US Highway 285, Conifer, CO 80433

AS
CO FA100080083
JLL - Denver, Colorado
JS
CO EA001324797
JLL - Denver, Colorado
Listed by JLL - Denver, Colorado
$2,240,971
123 days on market
Updated 3 days ago

Dutch Bros

Details
APN 61-231-02-006
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 824
Net Rentable (SqFt) 824
Units 1
Cap Rate 5.25%
NOI $117,651
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Type NN
Lease Term 15
Lease Expiration 06/01/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Price per SqFt $2,720
Broker Co-Op Yes
Year Built 2020
Buildings 1
Stories 1
Acreage 0.730
Parking Spaces 44 spaces
Parking Per SqFt 53.40
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2020
Occupancy Date 06/01/2020

Corporate Guarantee | Affluent Mountain Community

Marketing description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 10855 US Hwy 285 (the “Property”), a new 824- square-foot Dutch Bros ground lease in Conifer, Colorado. Strategically positioned across the primary US-285 mountain corridor from the Safeway-anchored Shopping Center, the Property benefits from direct visibility to over 33,000 vehicles per day. The site serves an extensive trade area with an affluent average household income exceeding $180,000 establishing a strong and reliable customer base.

The investment features a long-term, double-net (NN) ground lease with Dutch Bros (NYSE: BROS), one of the fastest-growing drive-thru coffee chains in the United States. This passive ownership structure includes scheduled rental increases and requires minimal landlord responsibilities, ensuring a secure income stream. Ideally located to capture a steady flow of local, commuter, and tourist traffic, the Property is surrounded by national tenants like Staples and O'Reilly Auto Parts and is situated just 30 miles from the Denver Central Business District, making it a prime retail destination.

Investment highlights

  • Exceptional Lease Structure & Investment Security

  • Prime National Tenant with Strong Credit Profile

  • Strategic High-Barrier Market Position

  • High-Traffic Corridor Position

Listing Contacts

AS
CO FA100080083
JLL - Denver, Colorado
JS
CO EA001324797
JLL - Denver, Colorado
Listed by JLL - Denver, Colorado

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,651.00
$9,804.25/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Austin Snedden
License
FA100080083
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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