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, Tyler, TX

Dutch Bros, Tyler, TX


Investment Summary

Price $2,130,000
Cap Rate
NOI
Lease Term 15 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 955 SF
Lot Size 1.089 acres (47,437 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 LEASE TO PUBLICLY TRADED COFFEE TENANT
» 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 847 locations across 15 states
» In Q2 2023, quarterly revenue increased 34% to $250M and 38 new system-wide shops opened

WALMART OUTPARCEL IN HIGH TRAFFIC LOCATION SURROUNDED BY MAJOR NATIONAL RETAILERS
» Prominent location outparcel to Walmart Supercenter along State Highway 31 / East Front Street with excellent visibility and access to 19,118 vehicles per day
» Just off the signalized intersection of State Highway Loop 323 and State Highway 31 / East Front Street with over 44,000 combined vehicles per day at the intersection
» Dense retail corridor with nearby notable tenants such as Walmart Supercenter, ALDI,
7-Eleven, Raising Cane’s, Starbucks, McDonald’s, Taco Bell, KFC, Dairy Queen, and others
» 2.6 miles from UT Health Tyler (502 beds; 2,384 employees) and CHRISTUS Mother Frances Hospital – South Tyler (457 beds)
» Less than three miles from the University of Texas at Tyler (200-acre campus; 10,000 students; 1,201 employees), and Tyler Junior College, one of the largest community colleges in Texas (137-acre campus; 13,000 students; 554+ employees)

POPULOUS TEXAS SUBURB
» Population of 95,989 within a five-mile radius
» Average annual household income of $79,941 within five miles of the site (projected 11%increase by 2028)
» Gateway to Dallas, the third-largest city in Texas (1.3 million residents)

NEW 2023 CONSTRUCTION IN A TAX-FREE STATE
» New high-quality 2023 construction built to latest Dutch Bros prototype and projected to be completed in the fall of 2023
» Site features a dual-lane drive-thru and walk-up window for added customer convenience
» Texas is an income tax-free state

Property Description

SOLD

» Absolute NNN Corporate Lease: New 15-year absolute NNN corporate lease with 10% rental increases every five years
» Outparcel to Walmart Supercenter: Prominent location along State Highway 31 with excellent visibility and access to 19,118 vehicles per day
» Excellent Location: Just off the signalized intersection of Southeast Loop 323 and State Highway 31 E with over 44,000 combined vehicles per day at the intersection
» Dense Retail Corridor: Well-positioned near notable tenants such as Walmart Supercenter, ALDI, 7-Eleven, Raising Cane’s, Starbucks, McDonald’s, Taco Bell, KFC, Dairy Queen, and numerous others
» Ideal Nearby Customer Base: 2.6 miles from UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Mother Frances Hospital – South Tyler (457 beds)
» Beneficial Proximity to Well-Attended Schools: Less than 3 miles from the University of Texas at Tyler (10,000 students, 1,201 employees, 200-acres), and Tyler Junior College, one of the largest community colleges in Texas (137-acre campus, 554+ employees, 13,000 students)
» Gateway to Dallas: The city of Tyler is a gateway to Dallas, the third-largest city in Texas with 1.3 million residents

Download OM Form

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