Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease to strong and rapidly growing retail tenant
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» Dutch Bros (NYSE: “BROS”) recently went public – now valued at over $5.6 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
» In 2021, total revenues grew 52.1% to $497.9 million as compared to $327.4 million in 2020

HIGH-TRAFFIC LOCATION NEAR MAJOR RETAILERS AND LARGE EMPLOYERS
» Located along State Highway 57/West Grande Boulevard (18,225 AADT) near the signalized intersection of Old Jacksonville Highway/Farm-to-Market Road 2493 (27,497 AADT)
» Proximity to State Route 69 (32,308 AADT), increasing traffic in the area
» Near Walmart Neighborhood Market, Target, Kohl’s, Dollar Tree, Sonic Drive-In, Chase Bank, Whataburger, Starbucks, and numerous others
» Two miles from Brookshire Grocery Company (1,455 employees)
» Beneficial proximity to large hospitals and major employers in the region, CHRISTUS Mother Frances Hospital (3,872 employees) and UT Health East Texas (3,559 employees)
» Minutes from The University of Texas at Tyler (10,000 students, 1,201 employees) and one of the largest community colleges in Texas – Tyler Junior College (13,000 students, 1,033+ employees)

PRIME LOCATION IN HIGH-INCOME TEXAS SUBURB
» Surrounded by high-density, single family housing developments and large apartment complexes
» Walking distance to Palomar Apartments (216 units), Dove Tree Apartments (200 units), and Grande Hill Estates Apartments (240 units), providing a nearby customer base
» Population of 87,521 within a five-mile radius
» Average annual household income of $101,048 within three miles of the site (projected to increase 13 percent by 2027)
» Gateway to Dallas, the third-largest city in Texas (1.3 million residents)

NEW 2022 CONSTRUCTION IN INCOME TAX-FREE STATE
» 2022 construction featuring a dedicated double-drive drive-thru lane, providing additional customer convenience, and boosting sales revenue
» New building, limiting near-term deferred maintenance or capital costs
» Texas has no state income tax

Property Description

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Dutch Bros Coffee is located along State Highway 57/West Grande Boulevard (18,225 AADT), near the signalized intersection of Old Jacksonville Highway/Farm-to-Market Road 2493 (27,497 AADT). The site maintains proximity to State Route 69 (32,308 AADT), increasing traffic in the area. The property is near Walmart Neighborhood Market, Target, Kohl’s, Dollar Tree, Sonic Drive-In, Chase Bank, Whataburger, Starbucks, and numerous other well-known tenants. The location is two miles from major area employer, Brookshire Grocery Company (1,455 employees), increasing commuter traffic in the area. Additionally, the site maintains beneficial proximity to other major area employers including CHRISTUS Mother Frances Hospital (3,872 employees) and UT Health East Texas (3,559 employees). The property is minutes from The University of Texas at Tyler (10,000 students, 1,201 employees) and one of the largest community colleges in Texas – Tyler Junior College (13,000 students, 1,033+ employees).

The property is strategically located in a high-income Texas suburb. The site is immediately surrounded by high-density, single family housing developments and large apartment complexes. The property is within walking distance to Palomar Apartments (216 units), Dove Tree Apartments (200 units), and Grande Hill Estates Apartments (240 units), providing a nearby customer base. The location serves a population is 87,521 within a five-mile radius with an average annual household income of $101,048 within three miles of the site. The average annual household income is projected to increase 13 percent by 2027, poising Dutch Bros and Tyler for concurrent growth. The location is a gateway to Dallas, the third-largest city in Texas (1.3 million residents).