Listed by SRS Real Estate Partners Newport Beach
$2,699,000
Trophy Dutch Bros | Next to Churchill Downs (Kentucky Derby)
Details
APN 12055C00190000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 950
Units 1
Cap Rate 5.52%
NOI $148,948
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee, Dutch Bros
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 0.540
Zoning C-1 Neighborhood Commercial District
Parking Spaces 14 spaces
Parking per 1,000 SqFt 14.74
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 03/31/2026
Ground Lease No
Ownership Fee Simple (Land & Building)
Site is directly across from Churchill Downs and one block from University of Louisville
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 investment property located in Louisville, Kentucky (Churchill Downs). The tenant, Dutch Bros, recently signed a brand new 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, 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.
Investment highlights
- New Construction | 15-Year Lease | 10% Increases Every 5 Years
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Generational Real Estate | Directly Across from Churchill Downs/Kentucky Derby & University of Louisville Sports Stadiums
- Potential Tax Advantages Associated with Kentucky Derby Proximity
- Direct Access to I-264 (175,100 VPD) | Infill Urban Corridor
- Adjacent to University of Louisville | Major Expansion & Renovations in Progress
- Close to Downtown Louisville & Louisville International Airport
- Strong Demographics and Daytime Population
- Surrounded by Major Retail, Hospitality, and Employment Drivers
- Corporate Dutch Bros Tenant | National Brand Recognition
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,948.00
$12,412.33/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
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