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
» In Q3 2022, total revenues grew 53.0% to $198.6 million as compared to $129.8 million in the same period of 2021
» Dutch Bros opened 38 new shops, 34 of which were company-operated, across 11 states in Q3 2022
» Dutch Bros Q3 2022 company-operated shop revenues increased 59.7% to $173.5 million as compared to $108.7 million in the same period of 2021

EXCELLENT LOCATION AT THE CONFLUENCE OF MAJOR TEXAS THOROUGHFARES
» High-visibility and easily accessible location along North Shary Road (29,038 AADT)
» Trophy location between State Route West U.S. Business 83 and Interstate 2, allowing the site to capture significant commuter traffic (combined 157,971 AADT)
» Excellent proximity to major national tenants such as Walmart Supercenter, Target, The Home Depot, H-E-B, Walmart Neighborhood Market, T.J. Maxx, Office Depot, Academy Sports + Outdoors, Chick-fil-A, and many more
» 2.5 miles from Mission Regional Medical Center (297 beds, 1,000 employees)

POPULOUS BORDER CITY POISED FOR GROWTH
» 194,665 residents live within five miles of the property
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Mission for steady concurrent growth
» 10 miles from the U.S/Mexico border, allowing the site to capture immense tourist and commuter traffic
» Excellent proximity to McAllen International Airport (record-setting year in 2021 with 847,387 passengers traveling through the #1 airport in South Texas)

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 North Shary Road (29,038 AADT)
» The property is centrally located between State Route West U.S. Business 83 and Interstate 2, allowing the site to capture significant commuter traffic (combined 157,971 AADT)
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Target, The Home Depot, H-E-B, Walmart Neighborhood Market, T.J. Maxx, Office Depot, Academy Sports + Outdoors, Chick-fil-A, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity 2.5 miles from Mission Regional Medical Center 297 beds, 1,000 employees), one of Mission’s largest employers
» 194,665 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 Mission for steady concurrent growth