Dutch Bros Coffee | New 15-Year Absolute NNN Lease
Build-to-Suit Construction | Direct Frontage to N Monroe St
Marketing description
CBRE is pleased to present the exclusive net-lease offering for a brand-new Dutch Bros Coffee located at 1830 N Monroe Street in Tallahassee, Florida. The 862± SF property is situated on a 0.67±-acre parcel and adjacent to a Wendys and Publix-anchored shopping center. The property further benefits from its direct frontage to North Monroe Street/U.S. Route 27 with exposure to over 30,000±vehicles per day and its positioning on the ‘going to work’ side of the roadway allowing for convenient access.
This Dutch Bros Coffee is secured by a new 15-year Triple-Net (NNN) lease, featuring three 5-year renewal options. The lease is expected to commence in July 2026 and will expire in June 2041. The annual rent is $172,474 with scheduled 10% increases every five (5) years throughout the initial term and each of the three (3) five-year renewal options. Dutch Bros. currently operates 1,177 stores in 25 states and recently announced plans to reach 2,029 store locations by 2029 and aims to reach 7,000 shops long term.
Investment highlights
ABOUT THE INVESTMENT
- Brand New 15-Year Absolute NNN Lease to Dutch Bros Coffee – no Landlord responsibilities providing for truly passive ownership & income stream
- Built-in 10% rental escalations every 5-years in both primary term and option periods providing a hedge to inflation
- New, stand-alone Build-to-Suit construction featuring Tenant’s preferred drive-through design situated on the ‘going to work’ side of the road (right-hand side)
- No debt to assume | Florida has NO STATE INCOME TAX
ABOUT THE LOCATION
- Located on N. Monroe Street (US 27), one of Tallahassee’s main north–south arterial corridors, serving as a major point into the city and connecting suburban communities to the downtown core
- Corridor also provides direct connectivity to I-10, serving regional east-west traffic & reinforcing its role as a key commercial gateway
- Subject benefits from direct frontage to N Monroe St. with exposure to 30,000± VPD
- Surrounded by a mix of retail, hospitality, and service-oriented uses, supporting high-frequency retail demand
ABOUT THE TENANT/BRAND
- Dutch Bros is the 2nd largest drive-thru coffee chain in the United States
- Dutch Bros opened its 1,000th shop (2025) and plans to open 1,000 more by 2029 | Projecting 180± new store openings annually
- Publicly traded Brand with strong market positioning | (NYSE: BROS)
- Company-operated model increasingly emphasized, improving operational consistency and margin capture
- High-performing stores driven by drive-thru only model and strong throughput efficiency
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