Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease to strong and growing retail tenant
» 10% rental increases every five years, providing a hedge against inflation
» Dutch Bros recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51 percent through the first six (6) months of 2021 after a record performance in 2020

LOCATED IN LARGE AND GROWING TEXAS CORRIDOR
» Located along Interstate 35 (127,269 AADT), with freeway visibility
» Beneficial proximity to University Boulevard (34,117 AADT)
» Average annual household income of $115,535 within five miles
» Population of 183,634 within a five-mile radius of the site (42 percent growth since 2010), providing a consistent customer base for the property

PROXIMITY TO LARGE RETAIL CENTERS AND COMMUNITY HUBS
» Shadow-anchored by University Oaks Shopping Center (236,000 SF, 37 stores), significantly increasing traffic to the site
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, IKEA, Target, Chick-fil-A, McDonald’s, Starbucks, and many more
» Three-minute drive from Round Rock Premium Outlets (430,000 SF, 125 stores), one of Round Rock’s largest retail centers
» Surrounded by high-density single family housing developments and large apartment complexes
» One mile from Baylor Scott & White Medical Center – Round Rock (101 beds, 750 employees)
» Two miles from Amazon Distribution Center (200+ employees)

NEW 2022 CONSTRUCTION IN INCOME TAX FREE STATE
» 2022 construction featuring a dedicated dual-lane drive-thru and outdoor patio, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Drive-thru designed to accommodate 21 cars
» Texas has no state income tax, estate tax, or inheritance tax

Property Description

SOLD
This Dutch Bros is conveniently located along Interstate 35 (127,269 AADT). The site maintains close proximity to University Boulevard (34,117 AADT), significantly increasing traffic in the immediate area. The property is situated in a growing community with an average annual household income of $115,535 within five miles, which is projected to increase nine percent by 2026. The location is supported by a consistent customer base, with a population of 183,634 within a five-mile radius of the site (42 percent increase since 2010).

Visibility to the property is increased by the site’s central location near large retail centers and community hubs. The site is shadow-anchored by University Oaks Shopping Center (236,000 SF, 37 stores), significantly increasing traffic in the area. The property is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, IKEA, Target, Chick-fil-A, McDonald’s, Starbucks, and many more. The location is one mile from Baylor Scott & White Medical Center – Round Rock (101 beds, 750 employees) and a three-minute drive from Round Rock Premium Outlets, one of Round Rock’s largest retail centers (430,000 SF, 125 stores). Additionally, the property is near many high-density single family housing developments and apartment complexes, a strong traffic driver for the property.