Listed by Marcus & Millichap | The Patel Yozwiak Group
$2,940,000
New Construction Dutch Bros
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 986
Cap Rate 5.60%
NOI $164,617
Occupancy 100%
Tenancy Single
Brand/Tenant Dutch Bros
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2026
Acreage 0.920
Zoning C-5 Commercial
Parking Spaces 16 spaces
Parking per 1,000 SqFt 16.23
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
2026 Built-To-Suit | 15-Year Absolute NNN Lease | Corporate Guaranty
Marketing description
The subject property is a 2026 build-to-suit Dutch Bros Coffee featuring their newest prototype, an ±986-SF drive-thru building situated on a 0.92-acre parcel.
The tenant operates under an absolute NNN lease, resulting in no landlord obligations. Dutch Bros is responsible for property taxes, insurance, repairs, maintenance, and full roof replacement, providing passive, predictable income for ownership.
Dutch Bros executed a 15-year corporate lease with 10% rent increases every 5 years and at the start of three (3) five-year option periods, creating built-in income growth and long-term tenancy stability.
Investment highlights
- 2026 BUILD-TO-SUIT DUTCH BROS - The subject property is a 2026 build-to-suit Dutch Bros Coffee featuring their newest prototype, an ±986-SF drive-thru building situated on a 0.92-acre parcel.
- ABSOLUTE NET LEASE - NO LANDLORD RESPONSIBILITIES - The tenant operates under an absolute NNN lease, resulting in no landlord obligations. Dutch Bros is responsible for property taxes, insurance, repairs, maintenance, and full roof replacement, providing passive, predictable income for ownership.
- NEW 15-YEAR LONG-TERM LEASE - Dutch Bros executed a 15-year corporate lease with 10% rent increases every 5 years and at the start of three (3) five-year option periods, creating built-in income growth and long-term tenancy stability.
- NATIONAL CREDIT TENANT WITH STRONG GROWTH AND OPERATING MOMENTUM - Publicly traded tenant with recurring quarterly revenue growth, rising same-store sales, positive traffic trends, and an accelerated development pipeline, supporting strong credit backing and long-term rent security.
- PRIME HIGHWAY ACCESS & STRONG VISIBILITY - The property benefits from direct access to US-30/Lake City Highway, exposing it to 31,600+ AADT, near the intersection of Lincoln Highway with an additional 6,800+ AADT - ensuring consistent daily traffic and exposure.
- STRATEGIC LOCATION AMONG LEADING NATIONAL BRANDS - The site is outparcel to a Rural King anchored shopping center, surrounded by a dense concentration of national brands including Dollar General, Pizza Hut, Meineke, Wendy's, Arby's, Popeyes, Marathon, Staples, Great Clips, McDonald's, Best Western, Red Roof Inn, and others that drive daily consumer activity and spillover traffic.
- PROXIMITY TO KEY EMPLOYMENT & COMMUNITY ANCHORS - Located less than a mile from DePuy Synthes orthopaedics company, a major medical device manufacturing facility owned by Johnson & Johnson with over 1,200 employees. One mile from Winona Lake, a popular recreation area and 3 miles from downtown Warsaw.
- STABLE AND GROWING DEMOGRAPHICS - Population within 5 miles of the property has been increasing since 2010 and the daytime population exceeds 43,800. Average household incomes of over $98,400 within 1 mile.
Listing Contacts
Listed by Marcus & Millichap | The Patel Yozwiak Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,617.00
$13,718.08/mo
Valuation Metrics
0
DSCR
5.6%
Cap Rate
5.6%
ROI
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