New STNL Dutch Bros |15 YR Abs NNN Ground Lse 1050 E Whitmore Ave

Investment Highlights

Dutch Bros ? Strong National Tenant - Corporately Signed Lease Growing Income Stream With 10% Rental Increases Every 5 Years New Long Term 15-Year Absolute NNN Ground Lease with Options to Extend Brand New 2024 Construction ? Prototypical Double Drive Thru | Grand Opening Slated For Q1 2025

Executive Summary

Faris Lee Investments is pleased to offer for sale a single tenant, corporate guaranteed absolute NNN ground leased property (land ownership) to Dutch Bros Coffee. Dutch Bros has signed a new long term 15-year lease plus 4-5 year options to extend the term. The lease features a growing income stream with fixed 10% rental increases every 5 years which provide a hedge against inflation and increases the return on investment. Dutch Bros is responsible for all property expenses associated with the improvements, including roof, structure, HVAC, landscaping, parking lot lighting, and all common area improvements. The new 2024 building construction is the prototypical Double Drive-Thru store design that increases sales volume and provides intrinsic real estate value. The Grand Opening is scheduled for Q1 2025 (est). Boersma Bros. LLC, dba Dutch Bros has guaranteed the lease. Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru beverage caf?s that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a doubleheader espresso machine and a pushcart in Grants Pass, Oregon. Dutch Bros currently boasts over 880 locations in 17 states with annual revenue over $915M and a market cap of $5.5B (January, 2024).The subject property is ideally located near the signalized hard corner of Whitmore Avenue and Morgan Road (21,406 VPD), which provides high daytime traffic and access to the on/off ramp of Highway 99 (111,850 VPD). Highway 99 and Whitmore Avenue are highly trafficked arterials in the trade area, which provides tremendous traffic around the property. Dutch Bros is an ideally positioned outparcel in a brand new, prototypical building. In addition, the property is strategically located within the growing logistic developments in the area that include Amazon, Walmart, FedEx and G3 Logistics.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Supermarket Fast Food
• Building Size    950
• Building Class    A
• LoopNet Rating    4 Star
• Year Built    2025
• Construction Status    Proposed
• Price    1,352,000
• Price Per SF    1,423
• Cap Rate    5.25
• NOI    71,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.03
• Land Acres    0.69 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.