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Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

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Dutch Bros, Katy, TX

Investment Summary

Price $2,050,000
Cap Rate
NOI
Lease Term 15 years
Lease Type
Rental Increases
Year Built
Building Size
Lot Size
Status Sold
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

Property Description

Sold

» Dutch Bros maintains excellent visibility along Spring Green Boulevard/FM 1463 Road (14,930 AADT) near Interstate 10/Katy Freeway, which experiences 158,399 vehicles per day near the site
» The property is well-positioned within the Kroger-anchored Shops at Katy Reserve Center and situated next to Chase Bank and Memorial Hermann Health System Primary Care, which provides increased daytime activity and promotes crossover traffic
» The site is 5.7 miles from Memorial Hermann Katy Hospital (208 beds) and centrally located within the Katy Independent School District (71 schools) which serves a student population of over 92,500
» The property is surrounded by high-end home developments including the nearby Reserve at Katy community (homes from $400k to $800k), and Woodcreek Reserve (homes from $260k to over $1 million)
» The site is supported by a large population of 213,464 within five miles, a significant growth of 132% since 2010 with the average annual household income exceeding $166K within a 1-, 3-, and 5-mile radius
» The location is a gateway to Downtown Houston, the fourth-most populous city in the U.S. (population 2,320,268)
» The area benefits from its strategic location within Greater Houston (7.21 million people), the seventh-largest metro economy with a GDP of $488.2 billion in 2020

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