Property History
Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment located at 6113 Azle Ave, Lake Worth, Texas 76135 (the “Property”). The Property includes a +/- 950 SF newly constructed single tenant drive-thru building on a 31,767 SF street frontage parcel. The Dutch Bros corporate lease includes minimal landlord property maintenance responsibilities. With a 15-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income producing commercial property with a high-growth QSR industry-leading tenant that has mastered the drive-thru business model of serving coffee and assorted energy drinks to on-the-go customers. Dutch Bros Coffee’s is highly successful NYSE publicly listed company with a multi billion-dollar market cap value.
o New building with double lane drive – November 2022 opening
o Minimal landlord responsibilities
o 59,700 population with $77,714 AHHI in the 3-mile radius
o 49,344 employees within a 5-mile radius
o Azle Avenue & Boat Club Road Intersection: 26,134 CPD
o Walmart, Target, Walgreens, Hobby Lobby and other retailers located in the immediate trade area
o Lake Worth is a part of the Dallas-Fort Worth-Arlington MSA, one of the fastest growing metropolitan areas in the United States with a population of 7,759,615
Loan History
Financial History
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Contact Information
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