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31417783
31417784

1 Sunset Dr, Mount Vernon, IL 62864

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
SRS Real Estate Partners Newport Beach
GC
CA 01911222
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$2,645,000
69 days on market
Updated 40 days ago

New Dutch Bros | Across from Mall | 43k VPD | 15-Yr NNN

Details
APN 06-25-376-037
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 950
Units 1
Cap Rate 5.5%
NOI $145,457
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee, Dutch Bros (+3)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 1.000
Zoning B-2 Secondary Business
Parking Spaces 16 spaces
Parking Per SqFt 16.84
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/21/2026
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Main Retail Corridor Location

Marketing description

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Mt Vernon, Illinois. The tenant, Boersma Bros, LLC 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 an out of state investor.

The Dutch Bros Coffee is located along the primary retail corridor serving Mount Vernon, Illinois, with convenient access to Interstate 57 (46,300 VPD) and Interstate 64, providing strong regional connectivity and daily commuter exposure. The site benefits from proximity to Broadway Street (IL-15) (42,910 VPD), a major commercial thoroughfare supporting the area’s dominant retail and dining uses. The property is positioned near the city’s main shopping destinations, including Times Square Mall and King City Square, which are anchored by national and regional tenants such as Ross Dress for Less, Kroger, Hibbett, Dunham’s, Taco Bell, and Sally Beauty. The broader trade area is further supported by additional national retailers nearby including Walmart, Kohl’s, Lowe’s, Marshalls, Aldi, Menards, and more, driving consistent consumer traffic to the corridor. Mount Vernon serves as a regional hub for Jefferson County and southern Illinois, supported by stable demographics and an established employment base, reinforcing long-term tenant performance.

Investment highlights

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Retail Corridor | Interstate 57 Access (46,300 VPD)
  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

CS
CA 01927216
SRS Real Estate Partners Newport Beach
MC
CA CA 01980718
SRS Real Estate Partners Newport Beach
AC
CA 01904371
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
$145,457.00
$12,121.42/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Daniel Elliot
License
IL License No. 471022489
Brokerage
SRS Real Estate Partners-Midwest, LLC
Title
Broker of Record
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