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
» Prominent location along State Highway 110/Troup Highway with excellent visibility and access to 26,529 vehicles per day
» Less than a mile from five large hotels, providing access to a nearby customer base
» Dense retail corridor with nearby notable tenants such as Walmart Supercenter, Walmart Neighborhood Market, Family Dollar, O’Reilly Auto Parts, At Home, Chick-fil-A, Pizza Hut, Sonic Drive-In, and numerous others
» Beneficial proximity to major employers in the region, including Workforce Solutions East Texas, and Trane Technologies (1,473 employees), increasing traffic in the area
» 2.7 miles from UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Mother Frances Hospital – South Tyler (8 beds)
» Less than three miles from the University of Texas at Tyler (10,000 students, 1,201 employees, 200-acres) and Tyler Junior College, one of the largest community colleges in Texas (137-acre campus, 554+ employees, 13,000 students)

POPULOUS TEXAS SUBURB
» Surrounded by high-density single and multi-family developments with the River Oaks Apartments (220 units) and Deerwood Apartments (164 units) situated within walking distance
» Population of 100,046 within a five-mile radius (9% growth since 2010)
» Average annual household income of $88,910 within three miles of the site (projected 13% increase by 2027)
» Gateway to Dallas, the third-largest city in Texas (1.3 million residents)

NEW 2022 CONSTRUCTION IN A TAX-FREE STATE
» High-quality 2022 construction featuring a dedicated double-lane drive-thru, 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

SOLD

» Dutch Bros Coffee is located prominently along State Highway 110/Troup Highway with excellent visibility and access to 26,529 vehicles per day
» The property is within a dense retail corridor with nearby notable tenants such as Walmart Supercenter, Walmart Neighborhood Market, Family Dollar, O’Reilly Auto Parts, At Home, Chick-fil-A, Pizza Hut, Sonic Drive-In, and numerous others
» The location maintains beneficial proximity to major employers in the region, including Workforce Solutions East Texas, and Trane Technologies (1,473 employees), and is situated less than a mile from five large hotels, providing access to a nearby customer base
» The property is 2.7 miles from UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Mother Frances Hospital – South Tyler (8 beds) and less than three miles from the University of Texas at Tyler (10,000 students, 1,201 employees, 200 acres), and Tyler Junior College, one of the largest community colleges in Texas (137-acre campus, 554+ employees, 13,000 students)
» The site is walking distance from River Oaks Apartments (220 units), and Deerwood Apartments (164 units), and surrounded by high-density single and multi-family developments
» 100,046 residents live within a five-mile radius (9 percent growth since 2010) with an average annual household income of $88,910 within three miles of the site, with a projected increase of 13 percent by 2027