Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE GROUND LEASE TO RAPIDLY GROWING COFFEE QSR
» New 15-year absolute NNN corporate ground lease with 10% rental increases every five years
» No landlord management, an ideal opportunity for an out-of-area investor
» Dutch Bros Inc. (NYSE: “BROS”) went public in 2021 – now valued at over $6.4 billion
» Dutch Bros is one of the fastest-growing brands in the food service and restaurant industry in the United States by location count with over 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 LOCATION NEXT TO STEPHEN F. AUSTIN STATE UNIVERSITY
» Prime location next to Stephen F. Austin State University (11,327 students, 1,636 employees), the largest employer in Nacogdoches
» Only Dutch Bros in Nacogdoches, offering limited competition and increased demand
» 38,022 residents with an average annual household income of $60,243 within a five-mile radius of the property
» Dutch Bros and Nacogdoches are set for simultaneous growth with projected 11% increase in average annual household income by 2027

CONVENIENT ACCESS TO OVER 35,000 DAILY VEHICLES
» High-visibility location on North Street (22,000 AADT) near the East Starr Avenue (8,522 AADT) signalized intersection
» Adjacent to Panda Express with proximity to well-known retailers such as Kroger, CVS, Walgreens, Chick-fil-A, Whataburger, Raising Cane’s, Chili’s Grill & Bar, and more
» Situated within walking distance of mulitple large apartment complexes and student housing with over 1,000 units
» Conveniently located near popular attractions like Splash Kingdom Timber Falls and the Texas Blueberry Festival, the only state-sanctioned event of its kind in Texas, drawing over 19,000 visitors to downtown Nacogdoches each year

HIGH-QUALITY 2023 CONSTRUCTION IN A TAX-FREE STATE
» High-quality 2023 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Texas has no state income tax

Property Description

» This Dutch Bros is located on North Street, which has an impressive average daily traffic of 22,000, and is close to the East Starr Avenue signalized intersection, which experiences an additional 8,522 vehicles per day near the site
» The property maintains beneficial proximity to a variety of apartment complexes and student housing, boasting over 1,000 units within a three-mile radius
» The site is an optimal location in a dense retail corridor adjacent to Panda Express with nearby notable retailers such Kroger, CVS, Walgreens, Chick-fil-A, Whataburger, Raising Cane’s, Chili’s Grill & Bar, and many others
» The property is near Nacogdoches Memorial Hospital (141 beds), and Stephen F. Austin State University (11,327 students)
» Beneficial proximity to popular area attractions such as Splash Kingdom Timber Falls and the Texas Blueberry Festival, the only state-sanctioned blueberry festival in Texas, attracting 19,000+ people to downtown Nacogdoches
» As the only Dutch Bros in the Nacogdoches area, there is limited competition and increased demand, with 38,022 residents living within a five-mile radius
» The average annual household income is projected to increase by 11% by 2027, making Dutch Bros a great investment