Dutch Bros Coffee - Lexington, SC
Corporate Absolute NNN Lease | Rare 2.00% Annual Increases | South Carolina State Capital
Marketing description
DUTCH BROS CULT CUSTOMER FOLLOWING & LINE AROUND THE BUILDING AT SUBJECT PROPERTY
Dutch Bros Coffee has a national reputation for high-quality coffee and excellent service, which has earned them a cult customer following nationally – as evidenced by the 17+ car drive-thru line wrapping around the building at the time property photos were taken.
DUTCH BROS CORPORATE CREDIT
Corporate leased & operated Dutch Bros. Dutch Bros (NYSE: BROS) is publicly traded and currently operates 1,100+ locations. Location count is projected to reach 2,000+ by 2029 and over 7,000 long-term. The company did $1.6+ billion of sales in 2025, with $280 EBITDA and $80+ million of net income. Dutch Bros also benefits from a low corporate debt load at just 22% debt to equity.
12+ YEARS OF LEASE TERM REMAINING
Long-term “mailbox money” investment opportunity with strong tenancy.
ABSOLUTE NNN LEASE
No landlord responsibilities whatsoever for completely hands-off ownership.
RARE 2.00% ANNUAL RENTAL INCREASES
Stronger rental escalation structure than nearly all other Dutch Bros assets on market today.
RARE 10-YEAR EXTENSION OPTION
10-year tenant renewal option sets this asset apart from others on the market – most of which offer 5-year renewal options. Lease resets to a brand-new 10-year term if Tenant extends (maximizing asset value, sale & financing options) compared to 5-year options.
COLUMBIA, SOUTH CAROLINA MARKET STRENGTH & HOME OF SOUTH CAROLINA UNIVERSITY
Capital city of South Carolina and one of the fastest growing markets in the U.S., as well as the #2 largest city & metro area in the state of South Carolina. Columbia is also home to South Carolina University – 38,000+ students enrolled & South Carolina’s largest university.
LEXINGTON IS THE PREMIER SUBURBAN MARKET IN COLUMBIA, SC MSA
Premier suburban market within the Columbia MSA, attracting the region’s highest-income households, strongest school-driven migration, and most stable residential growth. Located just west of downtown Columbia, it offers a clean, safe, family-oriented alternative to urban living while maintaining easy commuter access to the CBD, USC, and major employment nodes.
PROXIMITY TO LAKE MURRAY
Less than 2 miles from the Subject Property, Lake Murray is a national tourist destination with 1.5+ million visitors annually – with the majority traveling from out of state. The lake & immediately surrounding region drive $1.9+ billion in annual consumer spending and comprise some of the most desirable and high-value real estate in the entire Columbia MSA.
EXCEPTIONAL DEMOGRAPHICS AND GROWTH
266,000+ residents earning an average of $122,000+/household within 10 and 5 miles of the Property, respectively. Furthermore, population within 1 mile of the Property is projected to grow 1.1% annually through 2030.
HARD, SIGNALIZED CORNER ON MAJOR INTERSECTION
The Property is located on the hard, signalized corner of Columbia Avenue & W Butler Avenue (32,000+ VPD) with access via both roadways. Major retailers in the immediate area include McDonald's, Walgreens, Truist Bank, Wells Fargo, Sonic, Walgreens, Firehouse Subs, Big Lots, and Food Lion.
SOUTH CAROLINA ACQUISITION OPPORTUNITY
South Carolina is the fastest-growing state in the country with a 1.50% population increase in 2025 alone. In addition to rapid growth, the state benefits from a low tax, business-friendly environment, making it one of the most in-demand states among investors and tenants alike.
Investment highlights
Northmarq, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant Dutch Bros Coffee facility located at 308 Columbia Avenue in Lexington (Columbia), South Carolina. Dutch Bros Coffee is the fastest-growing coffee brand in the U.S. with 1,100+ locations operating today and plans to expand to 2,000+ locations by 2029. The company added 181 new stores in 2026 alone and has a long-term runway to 7,000 locations. The company is publicly traded (NYSE: BROS) and did $1.6+ billion in annual sales with $280+ million EBITDA and $80+ million of net income in 2025. Dutch Bros also boasts a low debt load at just 22% debt-to-equity. The asset is corporately operated, leased to Boersma Bros. LLC (Dutch Bros’ corporate operating entity), and operates under a long-term absolute NNN lease with over 12 years of term remaining. The lease features 2.00% annual rental increases and a 10-year extension option after the initial lease term, attractive features that are rarely seen in Dutch Bros leases nationally. The Property is located on the hard, signalized corner of Columbia Avenue & W Butler Avenue (32,000+ VPD) with access via both roadways. Major retailers in the immediate area include McDonlald’s, Walgreens, Truist Bank, Wells Fargo, Sonic, Walgreens, Firehouse Subs, Big Lots, and Food Lion. Downtown Columbia is located just 11 miles from the Property. Columbia is the #2 largest MSA in the state of South Carolina with 870,000+ residents in the metro and is the state capital of South Carolina. The MSA boasts a 1.1% annual population growth rate making it one of the fastest-growing metros in the U.S., along with the state of South Carolina as a whole which grew 1.50% in 2025 making it the fastest-growing state in the country.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
