Dutch Bros | New 20yr Corp Abs NNN Grd Lse Beville Road & S. Clyde Morris Blvd

Investment Highlights

Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2024 Construction Signalized, Hard Corner Intersection | Surrounding Retailers |Across From The Shoppes at Beville Road | Off I-95 Significant Population Growth Daytona International Speedway & Daytona International Airport |LPGA International (36-Holes) | Desirable Place To Live Via US News Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities | No State Income Tax

Executive Summary

? The tenant has 20 years remaining on their lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site? The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation? Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states? 2024 construction which features high quality materials, distinct design elements, and high-level finishes

• Sale Type    Investment NNN
• Sale Condition    Ground Lease (Leasehold)
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    950
• LoopNet Rating    4 Star
• Year Built    2024
• Construction Status    Under Construction
• Price    2,312,000
• Price Per SF    2,434
• Cap Rate    4.85
• NOI    112,115
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    2.41 AC

• Corner Lot
• Freeway Visibility
• Restaurant
• Signalized Intersection
• Drive Thru