Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE LEASE
» 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 with 768 locations across 15 states
» 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 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

TROPHY SITE SERVICING A BURGEONING TEXAS REGION
» High-visibility and easily accessible location along West Belt Line Road (24,000 AADT)
» Site features interparcel access from North Westmoreland Road near a signalized four-way intersection
» Beneficial proximity to large universities and schools, including Dallas College – Cedar Valley Campus (6,222 students), DeSoto High School (3,102 students), and DeSoto East Middle School (501 students)
» Excellent proximity to major national tenants such as Walmart Supercenter, Sam’s Club, Target, The Home Depot, ALDI, Walgreens, and many more

IDEAL LOCATION IN THE DALLAS-FORT WORTH METROPLEX
» 189,533 residents live within five miles of the property, providing the site with an extremely large customer base
» High average annual household income of $101,251 within a one-mile radius
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and DeSoto for steady concurrent growth
» 17 miles from Downtown Dallas, allowing the site to capture an immense amount of commuter traffic
» Dallas-Fort Worth is one of the top-5 fastest-growing economies in the U.S.

NEW 2023 CONSTRUCTION IN A 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

» This Dutch Bros has a high-visibility and easily accessible location along West Belt Line Road (24,000 AADT)
» The site features interparcel access from North Westmoreland Road near a signalized four-way intersection
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Sam’s Club, Target, The Home Depot, ALDI, Walgreens, and many more, creating significant crossover shopping
» The site greatly benefits from its proximity to large universities and schools, including Dallas College – Cedar Valley Campus (6,222 students), DeSoto High School (3,102 students), and DeSoto East Middle School (501 students)
» 189,533 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 DeSoto for steady concurrent growth