Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN lease with four (4) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation
» Requires zero landlord management, ideal for an out-of-area investor
» Dutch Bros recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51% through the first six (6) months of 2021 after a record performance in 2020

HIGH-TRAFFIC, HARD-CORNER LOCATION IN LARGE AND GROWING AREA
» High-traffic location at the signalized four-way intersection of State Route 45/Coors Boulevard Northwest and Fortuna Road Northwest (60,028 AADT), significantly increasing traffic to the site
» Beneficial proximity to highly trafficked thoroughfares, including Interstate 40 (165,700 AADT)
» Population of 220,260 within a five-mile radius of the site, providing an extremely large customer base for the property
» Projected nine percent average annual household income increase within a five-mile radius of the site in the next five years, poising Dutch Bros Coffee and Albuquerque for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to highly attended schools, including West Mesa High School, Lavaland Elementary School, and John Adams Middle School (combined 2,794 students)
» Four miles from Downtown Albuquerque, the central hub of the most populous city in New Mexico (population 559,374)
» Surrounded by high-density single family housing developments and large apartment and townhouse complexes
» Adjacent to an industrial corridor with major companies such as FedEx, Coca-Cola and Pepsi Bottling Group
» Facebook completing 2.8M SF Data Center and Amazon opening new 442k SF Fulfillment Center, creating hundreds of new jobs

NEW 2020 CONSTRUCTION
» 2020 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts

Property Description

SOLD

The property is conveniently located at the signalized, four-way intersection of State Route 45/Coors Boulevard Northwest and Fortuna Road Northwest (60,028 AADT), significantly increasing traffic to the site. The location is strategically placed near highly trafficked New Mexico thoroughfares, including Interstate 40 (165,700 AADT). The site is also located in a densely populated area, with a population of 220,260 within a five-mile radius of the site. With a projected nine percent average annual household income increase within a five-mile radius of the site in the next five years, Dutch Bros Coffee and New Mexico are poised for concurrent growth.

Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The location is surrounded by many major national retailers, including Walmart Supercenter, Big Lots, The Home Depot, Dollar Tree, McDonald’s, Burger King, and many others. The site maintains a beneficial proximity to highly attended schools, including West Mesa High School, Lavaland Elementary School, and John Adams Middle School, which feature a combined 2,794 students. The property also resides four miles from Downtown Albuquerque, the central hub of the most populous city in New Mexico (population 559,374) and is surrounded by high-density single family housing developments and large apartment and townhouse complexes.