5607 W 38th St, Indianapolis, IN 46254

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 Indianapolis, Indiana. 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 less than a mile from the intersection of Interstate 465 and 38th Street which combine to average more than 219,900 vehicles passing by daily. Additionally, the asset is less than 2 mile from Interstate 65, which sees over 63,100 VPD. The subject property is located approximately 1 mile from The Village at Eagle Creek, a Target and VASA Fitness anchored center with other national/credit tenants including Taco Bell, IHOP, Chili’s, Burger King, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Meijer, The Home Depot, LA Fitness, Planet Fitness, Alamo Drafthouse, McDonald’s, White Castle, Jack in the Box and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 224,000 residents and 76,100 employees with an average household income of $82,596.