Dutch Bros Coffee,
Sierra Vista, AZ Investment Summary
| Price | $2,519,000 |
| 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 | 2021 |
| Building Size | 862 SF |
| Lot Size | 0.58 Acres (25,075 SF) |
| Status | Sold |
| Lead Brokers | Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease with three (3) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation
» Absolute NNN lease requires zero landlord management, ideal for an out-of-area investor
» Dutch Bros recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51% through the first six (6) months of 2021 after a record performance in 2020
LOCATED IN A LARGE AND GROWING ARIZONA RETAIL CORRIDOR
» High-traffic location along Highway 90 (21,051 AADT) – main north/south arterial of Sierra Vista
» Population of 49,141 within a five-mile radius of the site, providing a large customer base for the property
» Strong five-mile average household income of $77,847 and quickly increasing
CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND SCHOOLS
» Outparcel to Plaza Vista Mall (Hobby Lobby, Marshalls, and Planet Fitness anchored shopping center) and across the street from a Walmart Supercenter, Lowe’s Home Improvement, Target, and PetSmart
» Surrounded by a strong mix of local and national retailers, including Chipotle, MOD Pizza, Chili’s, Discount Tire, Jiffy Lube, Valero, CVS, Tractor Supply, and many others
» Less than one mile from Cochise College Sierra Vista Campus (5,585 students) and less than a half mile from an industrial corridor (Northup Grumman, Teleperformance USA, FedEx, Safelite, and others)
» Seven miles from Fort Huachuca (US Army installation), the largest employer in Cochise County, with approximately 8,100 active and civilian personnel
NEW 2021 CONSTRUCTION
» 2021 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
Property Description
SOLD
This Dutch Bros. Coffee is conveniently located along Highway 90, the main north/south arterial of Sierra Vista, on a high-traffic retail corridor with 21,051 vehicles per day directly in front of the site. The property is supported by a large and affluent customer base, with a population of 49,141 residents and an average household income of $77,847 within a five mile radius of the site. Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The location is surrounded by a strong mix of local and national retailers, including Chipotle, MOD Pizza, Chili’s, Discount Tire, Jiffy
Lube, Valero, CVS, Tractor Supply, and many others.
The property is also across the street from a Walmart Supercenter, Lowe’s Home Improvement, Target, and PetSmart. The site is also less than one mile from Cochise College Sierra Vista Campus (5,585 students), 1.6 miles from Buena Vista High School, and less than a half mile from an industrial corridor (Northup Grumman, Teleperformance USA, FedEx, Safelite, and others).
