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31122981
31122980

705 N Dixie Blvd, Radcliff, KY 40160

AC
CA 01904371
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,669,000
115 days on market
Updated 83 days ago

New Dutch Bros | Main Retail Corridor | 15-Yr NNN

Details
APN 160-10-01-013
Property Type Retail
Sub Type Dutch, Dutch Bros. (+1)
Square Footage 950
Units 1
Cap Rate 5.75%
NOI $153,451
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin' (+7)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 0.520
Zoning Commercial
Parking Spaces 11 spaces
Parking Per SqFt 11.58
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 11/30/2025
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Across from Walmart Supercenter-anchored Center

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros Coffee investment property located in Radcliffe, Kentucky. The tenant, Dutch Bros, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Dutch Bros is located near the intersection of N Dixie Blvd and N Wilson Rd which combine to average more than 33,800 vehicles passing by daily. N Dixie Blvd is the major retail thoroughfare serving the city of Radcliffe. The subject property is located in close proximity to a Walmart Supercenter anchored center with other national/credit tenants including Dollar Tree, Applebee’s, GameStop, Sally Beauty, and Hibbett. In addition, the asset is less than a mile from a Bomgaars and Ollie’s Bargain Outlet anchored center with other tenants including Petco, Starbucks, KFC, Rally’s, Tidal Wave Auto Spa, and more. The property is in the center of a primary retail corridor with other national/credit tenants including Planet Fitness, ALDI, McDonald’s, Taco Bell, Wendy’s, Advance Auto Parts, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 41,900 residents and 8,200 employees with an average household income of

$82,160.

Investment highlights

  • New Construction | Corporate Guarantee | 15-Year NNN | 10% Scheduled Rent Increases

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Walmart Supercenter Anchored Center | Primary Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

AC
CA 01904371
SRS Real Estate Partners Newport Beach
CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,451.00
$12,787.58/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Sarah Shanks
License
KY License No. 271256
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
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