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Dutch Bros, Rocklin, CA

Dutch Bros, Rocklin, CA


Investment Summary

Price $3,474,000
Cap Rate 4.75%
NOI $165,000
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, repairs, and maintenance
Rental Increases 10% rental increases every five (5) years
Year Built 2024
Building Size 950 SF
Lot Size 0.80 acres (35,589 SF)
Status Under Contract
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 LEASE WITH STRONG MULTI-UNIT OPERATOR
» New 15-year absolute NNN lease with 10% rental increases every five years
» Three (3) option periods of five (5) years each, providing a passive long-term income generator
» Franchisee location with long-standing, successful multi-unit Dutch Bros operator
» Dutch Bros (NYSE: “BROS”) went public in 2021 – valued at $4.88B as of February 2024
» 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 879 locations across 17 states
» In 2023, Dutch Bros opened 159 new shops across 13 states and reported a 30.7% growth of total revenues to $965.8M (compared to $739M in 2022)

HIGH-VISIBILITY LOCATION JUST OFF STATE ROUTE 65 WITH PROXIMITY TO GROCERY-ANCHORED CENTER
» This Dutch Bros is located along Whitney Ranch Parkway just off State Route 65 (102,AADT), a major retail thoroughfare in Roseville
» Ideal location down the street from a new commercial shopping center, Whitney Ranch Retail – a welcome amenity to the surrounding area
» The eastern portion of the retail center will feature an approximately 44,000-SF Nugget Market and retail shop spaces within a series of five buildings
» The western portion of the center will be more highway-commercial oriented, with anticipated single tenant uses such as a possible gas station, fast food or quick serve restaurants, and others

WEALTHY AND GROWING IMMEDIATE TRADE AREA
» Excellent annual average household income of $181,669 within a 1-mile radius of the site
» 178,883 residents live within 5-miles of the site, creating a stable customer base for the site
» Since the 2010 U.S. Census, the population within a 1-mile radius of the site has increased 217%
» Rocklin’s population increase is more than double the rate of growth seen across the Sacramento region
» Within walking distance of dense residential developments such as Whitney Ranch (estimated 13,911 households), Montessa at Whitney Ranch (171 units), and the Wildcat Subdivision

NEW 2024 CONSTRUCTION
» New high-quality 2024 construction built to latest Dutch Bros prototype
» Site features a dual-lane drive-thru and walk-up window for added customer convenience

Property Description

» Excellent Location: This Dutch Bros is located just off State Route 65 (102,000 AADT), at the signalized intersection of Whitney Ranch Parkway and Wildcat Boulevard with access to more than 16,000 vehicles passing directly in front of the site
» Beneficial Proximity to A New Retail Center: Ideal location with proximity to a new commercial shopping center, Whitney Ranch Retail (anchored by Nugget Market and featuring retail shop spaces)
» Surrounded By Well-Attended Schools: The site is surrounded by schools, such as Whitney High School (2,062 students), Jessup University (1,669 students), Twelve Bridges Middle School (882 students), and Sunset Ranch Elementary School (555 students)
» Stable Customer Base: 178,883 residents live within 5 miles of the site, creating a stable customer base for the site
» Affluent Area: The average annual household income within a 1-mile radius of this Dutch Bros is $181,669
» Excellent Demographics: Since the 2010 U.S. Census, the population within a 1-mile radius of the site has increased 217%, and Rocklin’s population increase stands to be more than double the rate of growth seen across the Sacramento region
» Beneficial Proximity to Residential Developments: This Dutch Bros is located across the street from residential communities, including Whitney Ranch (estimated 13,911 households), Montessa at Whitney Ranch (171 units), and the Wildcat Subdivision

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