Listed by SRS Real Estate Partners Newport Beach
$2,867,000
New Dutch Bros | Adjacent to New Developments | 15-Yr
Details
APN R03300-08-45
Property Type Retail
Sub Type Storefront, Restaurant
Square Footage 1,082
Cap Rate 5.45%
NOI $156,234
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros. Coffee
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 3 (5-year) options to extend with 10% increase at the beginning of each option
Class A
Year Built 2026
Acreage 0.780
Zoning CG - General Commercial District
Parking Spaces 13 spaces
Parking Per SqFt 12.01
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Retail | 5.45% CAP | 1,082 SqFt
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 Irmo, South Carolina. The tenant, Boersma Bros. LLC (dba Dutch Bros) 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.
Investment highlights
- Tenant to commence a brand new 15-year lease with 3 (5-Year) options, upon completion of construction (projected July 2026), demonstrating long-term commitment to the site
- Scheduled 10% rental increases every five years provide steady NOI growth and an attractive hedge against inflation
- Brand new 2026 construction with limited landlord exposure to near-term capital expenditures
- Lease corporately guaranteed by Dutch Bros Inc. (NYSE: BROS), a high-growth, publicly traded operator of 1,177+ drive-thru coffee shops across 25 states with 31% year-over-year revenue growth and 8.3% same-store sales growth
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,234.00
$13,019.50/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
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