Listed by Hanley Investment Group
$1,570,000
Dutch Bros Coffee | Kansas City, MO
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 950
Net Rentable (SqFt) 950
Cap Rate 5.00%
NOI $78,500
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Expiration 11/29/2038
Rent Bumps Yes
Lease Options Three 5-Year Options @ 10% Increases
Year Built 2023
Acreage 0.860
Lease Commencement 11/28/2023
Ground Lease Yes
15-Year Corporate Absolute NNN Ground Lease | Publicly-Traded Corporate Tenant (NYSE: BROS)
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/DutchBros_KansasCity
Investment highlights
- Single-Tenant Dutch Bros Coffee with Double Drive-Thru; Absolute NNN Ground Lease:
- 2023 construction; 15-year absolute NNN ground lease
- Corporate-guaranteed lease (Boersma Bros. LLC)
- 10% rent increases every 5 years and throughout option periods
- Publicly-Traded Chain; Dutch Bros (NYSE: BROS):
- Fastest-growing coffee brand in the US; 1,200 locations in 25 states; expected to reach 2,000+ shops by 2029
- Subject location is the #1 performing store in Missouri (Placer.ai)
- High-Growth Retail Corridor:
- Proximity to Metro North Crossing: $250 million, 106-acre mixed-use redevelopment; features Woodstone Luxury Apartments (275 units), NGR Adventure Park, Swig, T-Shotz Golf, and Pacific Dental Services offering a walkable, amenity-rich destination
- Dense Trade Area:
- 153,600 residents within a 5-mile radius with an average household income of $111,200
- Strategically located along NW Barry Rd (19,000 CPD), just east of Hwy 169 (38,500 CPD), providing excellent visibility and accessibility
- Kansas City MSA:
- Subject property is located just 8 miles north of downtown Kansas City
- 31st largest MSA in the nation; 2.35 million population
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,500.00
$6,541.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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