x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Dutch Bros, Kansas City, MO

Dutch Bros, Kansas City, MO


Investment Summary

Price $2,098,000
Cap Rate
NOI
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 950 SF
Lot Size 0.66 acres (28,750 SF)
Status Closed
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

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
» Three (3) five (5) year option periods, providing a passive long-term income generator
» Average cap rate over the lease term is approximately 6.00%x
» Dutch Bros (NYSE: “BROS”) went public in 2021 – valued at $4.10B as of September 2023
» 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 847 locations across 15 states
» In Q2 2023, quarterly revenue increased 34% to $250M and 38 new system-wide shops opened
» Dutch Bros’ AUV in the Kansas City area exceeds $2 million
» 2023 construction built to the latest Dutch Bros prototype, including a rare dual-lane drive-thru for added customer convenience

BUSY SHOPPING CORRIDOR ALONG U.S. ROUTE 40
» High-visibility location at the signalized four-way intersection of East U.S. Route 40 and South Lee’s Summit Road, offering excellent visibility and access to 40,495 vehicles per day
» Trophy location near Interstate 70, allowing the site to capture significant commuter traffic (127,725 AADT)
» Excellent proximity to The Fall, a new housing deveopment featuring 275 multifamily units
» Surrounded by major Kansas City shopping centers, including Independence Commons (403K SF of retail space), Independence Crossroads (Walmart Supercenter & Sam’s Club-anchored), and Independence Center (831K SF of retail space)
» Approximately 5.5 miles southwest from the 1,200-acre NorthPoint Development, the largest investment in Independence’s history with $1B invested (will contain 10M+ SF of industrial space and attract 5,000 jobs to the region)

ACCESS TO 147K NEARBY RESIDENTS IN A GROWING KANSAS CITY AREA
» 147,220 residents within a five-mile radius (steady growth of 6% since 2010)
» Average annual household income of $94,132 within three miles (projected 16% increase by 2028)
» Gateway to Downtown Kansas City, the largest city in Missouri by population and area with a 2020 population of 508,090

Property Description

SOLD

» This property is located at the signalized four-way intersection of East U.S. Route 40 and South Lee’s Summit Road, offering excellent visibility and access to 40,495 vehicles per day
» This Dutch Bros Coffee is a trophy location near Interstate 70, allowing the site to capture significant commuter traffic (127,725 AADT)
» The property is also conveniently located near The Fall, a new housing development featuring 275 multifamily units
» The site is 5.5 miles southwest from the 1,200-acre NorthPoint Development, the largest investment in Independence’s history with $1B invested (will contain 10M+ SF of industrial space and attract 5,000 jobs to the region)
» Located within a dense retail corridor, the site is surrounded by major Kansas City shopping centers, including Independence Commons (403K SF of retail space), Independence Crossroads (Walmart Supercenter & Sam’s Club-anchored), and Independence Center (831K SF of retail space)
» The property is located within a five-mile radius of 147,220 residents
» The average annual household income within a three-mile radius is $94,132, and this is projected to increase by 16% in 2028
» The property is well-positioned as a gateway to Downtown Kansas City, the largest city in Missouri by population and area, with a population of 508,090

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link