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Dutch Bros, Bryan, TX

Dutch Bros, Bryan, TX


Investment Summary

Price $2,100,000
Cap Rate
NOI
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 955 SF
Lot Size 0.972 acres (42,340 SF)
Status Closed
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE LEASE TO RAPIDLY GROWING COFFEE QSR
» New 15-year absolute NNN corporate lease with 10% rental increases every five years
» Dutch Bros (NYSE: “BROS”) went public in 2021 – now valued at over $6.4 billion
» Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count with 847 locations across 15 states
» In Q2 2023, quarterly revenue increased 34% to $250M and 38 new system-wide shops opened

CENTRAL LOCATION NEAR BRYAN’S LARGEST EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» High-visibility and easily accessible location along West Villa Maria Road, with direct access to 26,735 vehicles per day
» Four miles from Texas A&M University (71,000+ students, 17,000+ employees)
» The total Texas A&M impact on the Texas economy amounts to $3.7 billion in total income, equivalent to supporting 54,170 jobs
» Four miles from Blinn College (20,116 students) and Bryan High School (2,374 students)
» Three miles from St. Joseph Health Regional Hospital (310 beds, 1,000+ employees)

PRIME LOCATION IN DENSELY POPULATED AND GROWING TEXAS RETAIL CORRIDOR
» 144,681 residents live within five miles of the property, providing a large customer base for the site
» Excellent proximity to major national tenants such as Walmart Supercenter, Chick-fil-A, McDonald’s, Popeyes, Panda Express, Pizza Hut, Domino’s, Subway, and many more
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Bryan for steady concurrent growth
» Centrally located between Houston and Austin, allowing the site to capture significant commuter and long-haul traffic

NEW 2023 CONSTRUCTION IN TAX-FREE STATE
» New high-quality 2023 construction built to latest Dutch Bros prototype
» Site features a dual-lane drive-thru and walk-up window for added customer convenience
» Texas is an income tax-free state

Property Description

SOLD

» This Dutch Bros has a high-visibility and easily accessible location along West Villa Maria Road, with direct access to 26,735 vehicles per day
» The property is beneficially located four miles from Texas A&M University (71,000+ students, 17,000+ employees)
» The total Texas A&M impact on the Texas economy amounts to $3.7 billion in total income, equivalent to supporting 54,170 jobs
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Chick-fil-A, McDonald’s, Popeyes, Panda Express, Pizza Hut, Domino’s, Subway, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity three miles from St. Joseph Health Regional Hospital (310 beds, 1,000+ employees) and four miles from Blinn College (20,116 students) and Bryan High School (2,374 students)
» 144,681 residents live within a five-mile radius of the site, providing an extremely large and reliable customer base
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Bryan for steady concurrent growth

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