Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease with three (3) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation
» Absolute NNN lease 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

LOCATED IN AN ESTABLISHED, AFFLUENT, AND GROWING COMMUNITY
» High-traffic location along U.S. Highway 550 (50,600 AADT)
» Surrounded by high-density single-family housing developments and large apartment and townhouse complexes
» Average household income of $97,565 within a five-mile radius of the site providing an established customer base for the property
» Projected 10 percent average annual household income increase within a five-mile radius of the site in the next five years, poising Dutch Bros and Bernalillo for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to the Santa Ana Star Casino Hotel 1.3 miles from the site (204 luxury rooms, 1,600 slot machines, 5 restaurants)
» Surrounded by a strong mix of local and national retailers, including Walgreens, Dollar General, Applebee’s, AutoZone, Little Caesars, McDonald’s, and many more
» Convenient access to highly trafficked New Mexico thoroughfares, including Interstate 25 (53,400 AADT), significantly increasing traffic to the site
» Gateway to Downtown Albuquerque, the central hub of the most populous city in New Mexico (population 559,374)

NEW 2021 CONSTRUCTION
» 2021 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 along U.S. Highway 550 (50,600 AADT), drawing significant traffic to the site. The location is strategically placed near highly trafficked New Mexico thoroughfares, including Interstate 25 (53,400 AADT). The site is also located in a highly affluent area as well, with an average annual household income of $97,565 within a five-mile radius of the site. With a projected 10 percent average annual household income increase within a five-mile radius of the site in the next five years, Dutch Bros 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 Walgreens, Dollar General, Applebee’s, AutoZone, Little Caesars, McDonald’s, and many others. The property maintains beneficial proximity to the Santa Ana Star Casino and Hotel located 1.3 miles from the site, which features 204 non-smoking rooms, 1,600 slot machines, five restaurants, and generates a significant impact on the local economy. The site is within walking distance to Bernalillo Elementary (391 students), Middle (429 students), and High School (813 students). The property also serves as a gateway to 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 apartments and townhouse complexes.