Listed by ParaSell Inc, Hanley Investment Group
$3,248,000
Dutch Bros | Des Moines, IA
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 986
Net Rentable (SqFt) 986
Cap Rate 5.50%
NOI $178,653
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Chick-fil-A
Lease Type Absolute NNN
Remaining Term 15
Rent Bumps Yes
Lease Options Three 5-Year @ 10%
Year Built 2026
Acreage 1.280
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Huge 1.28-Acre Lot | Walmart Shadow-Anchored | Corporate 15-Yr Abs. NNN
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000008tw1x&track=rbYKnlNljdtIEyuu-zCKXCXfe
Investment highlights
Dutch Bros Coffee | Des Moines, IA
Brand New 2026-Construction, Single-Tenant, Double-Drive-Thru
4800 SE 14th Street, Des Moines, IA 50320
Investment Highlights
15-Year Absolute NNN Corporate Lease | Zero Landlord Responsibilities
- 10% rental increases every 5 years during the initial term and each of the three 5-year options
Huge 1.28-Acre Lot*** | Attractive Long-Term Optionality for Incoming Ownership
Premier Real Estate Fundamentals
- Shadow-anchored by a top-performing Walmart Nationwide (Top 25%)
- Situated on a hard corner, signalized intersection along SE 14th Street, a major north-south retail corridor feeding into Downtown Des Moines
Strong Corporate Guarantee | Publicly-Traded Tenant (NYSE: BROS)
- Nation's fastest-growing coffee brand, with 1,100+ locations across 25 states
- Plans to reach 2,000+ shops by 2029
- Impressive average-unit volume exceeding $2.2M
- Same-store sales climbed 8.3%, marking the seventh consecutive quarter of traffic growth
- Reported a 28% increase in 2025 revenues, reaching $1.64 billion, with a market cap in excess of $8.68 billion
Des Moines: #1 Fastest-Growing Major Metro in the Midwest
- 758,000+ metro population
- 20% population growth from 2010 to 2021 (U.S. Census Bureau)
- #4 "Most Livable Metro in the U.S." out of 149 metros evaluated – RentCafe (2026)
- MSA GDP exceeded $62 billion in 2024, up $2 billion year-over-year – DSM USA Data Hub
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,653.00
$14,887.75/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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Zoning
PUD PlannedPlanned Unit Development
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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