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32021622
32021205

2407 East North Street, Greenville, SC 29615 For Sale

RW
NY: 10401294048, NY 10401294048
SURMOUNT
AF
NY 10301213841
SURMOUNT
BW
NY 10401388437, MI MI 6505361820
SURMOUNT
ED
NY 10401375705
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,490,563
83 days on market
Updated 7 days ago

Dutch Bros - 2% Annual Bumps - Corporate Guarantee

Details
Property Type Retail
Sub Type Restaurant
Square Footage 850
Cap Rate 5.4%
NOI $134,490
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Type Absolute NNN
Lease Expiration 05/15/2039
Remaining Term 12.8
Rent Bumps Yes
Price per SqFt $2,930
Year Built 2024
Acreage 0.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2024
Ground Lease No

About This Property for Sale

Investment highlights

Corporate Guarantee | Dutch Bros, publicly traded (NYSE:BROS), is an operator and franchisor of drive - thru shops that focus on serving high quality, hand - crafted beverages with unparalleled speed and superior service. Dutch Bros reported a 28% increase in revenues for 2025, reaching $1.64 billion and a market cap in excess of $8.44 billion.

Absolute Triple Net Lease | This property features a long-term absolute triple net (NNN) lease, with no landlord responsibilities. There are over thirteen (13) years remaining on an original fifteen (15) year lease.

Attractive Annual Increases | The leases feature attractive annual increases of two percent (2%). The annual increases continue through the one, ten - year option period and the two, five - year tenant renewal periods. The annual increases are above market as the majority of Dutch Bros on the market have 10% increases every 5 years.

Greenville, SC | Greenville is the sixth - most populous city in South Carolina, while the Greenville metropolitan area is the largest in the state. The city is located roughly halfway between Atlanta and Charlotte along I - 85, serving as the anchor city of Upstate South Carolina.

Listing Contacts

RW
NY: 10401294048, NY 10401294048
SURMOUNT
AF
NY 10301213841
SURMOUNT
BW
NY 10401388437, MI MI 6505361820
SURMOUNT
ED
NY 10401375705
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,490.00
$11,207.50/mo

Valuation Metrics

0
DSCR
5.4%
Cap Rate
5.4%
ROI

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Additional Information

Name
Brian Brockman
License
298998& 108250
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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