Dutch Bros Coffee Ground Lease 3064 US 27 Hwy

Investment Highlights

Brand New 15 Year NNN Ground Lease to Dutch Bros Coffee (NYSE: BROS) with Corporate Guarantee 2024 Construction with Double Drive-Thru Component Population of 94,414 & Annual Rate of 2.42% within 5 Mile Radius Scheduled 10% Rental Escalations in Primary Term & Options Company-Operated Shop Gross Profit was $57 Million as Compared to $34.7 Million in the Same Period of 2022 Average Household Income of $113,610 within 1 Mile of Site

Executive Summary

The subject property is prominently located with excellent access and visibility along US-27 (42,000 AADT). The site benefits from robust demographics with a population of 94,414 within a 5 mile radius and annual growth rate of 2.42%. Average household income within 1 mile of the site is $113,610.The site benefits from a prominent retail location in close proximity to major retail tenants, shopping centers, employers, and schools. Major shopping centers in the surrounding area include Clermont Landing, anchored by Epic Theaters & TJ Maxx; Clermont Town Center, anchored by The Home Depot & Publix; and Citrus Tower Village, anchored by Publix. Other major retail tenants in the surrounding area include Kohl?s, Walmart Supercenter, ALDI, BJs, Winn-Dixie, Key Food, At Home, and more. The property is located approximately 3 miles from Orlando Health South Lake Hospital, one of Clermont?s largest employers, and approximately 4 miles from Lake-Sumpter State College?s South Lake Campus, which serves more than 2,000 students.This property is listed in conjunction with Florida-licensed real estate broker Robert Long.

• Sale Type    Investment NNN
• Sale Conditions    Ground Lease (Leased Fee) Ground Lease (Leased Fee) Build to Suit Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    950
• Year Built    2024
• Price    2,337,000
• Price Per SF    2,460
• Cap Rate    4.75
• NOI    111,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.03
• Land Acres    0.72 AC

• Drive Thru