Investment Highlights
New building with double lane drive; Opens April 2023; 15-Year Primary Lease Term; Minimal landlord responsibilities
53,135 population; $91,512 AHHI; 29,923 employees within3-mile radius
Toyota, Nissan, Volkswagen, and KIA auto-dealers at nearby intersection
Highly visible Soncy Road frontage exposure (Loop 335) - 28,085 CPD
Walmart, Lowes, Lazy-Boy and other major retailers within 1-mile; Westgate Mall and I-40 Fwy within 1.5 miles
Amarillo is the economic center of the high plains Texas Panhandle region
Executive Summary
Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment property located at 8749 Bent Tree Dr, Amarillo, Texas 79119 (the ?Property?). The Property includes a +/- 950 SF newly constructed single tenant drive-thru building on a +/- 28,174 SF street frontage parcel. The Dutch Bros corporate lease includes minimal landlord property maintenance responsibilities. With a 15-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income producing commercial property with a high-growth QSR industry-leading tenant that has mastered the drive-thru business model of serving coffee and assorted energy drinks to on-the-go customers. Dutch Bros Inc. is a publicly traded company listed on the NYSE with over a $5 Billion current Market Cap (March 2023). Amarillo Texas is the economic center of the high plains Texas Panhandle. Major industries in the region include agriculture, manufacturing and healthcare. A over a quarter of all beef produced in the U.S. comes out of Amarillo. Medical Center Park, in northwest Amarillo with over 180 medical specialties, is a major employment center and provides world class medical care to the Texas The Property, fronting Soncy Road (Loop 335), is located in the affluent high growth southwest area of Amarillo. Soncy Road is a major arterial carrying 28,085 CPD past the Property
