Investment Highlights
New Dutch Bros building with double lane drive ? opening February 2024
106,172 population with an affluent $177,797 AHHI in 3-mile radius
Golden Triangle Blvd. frontage location; high 45,660 CPD traffic count
Minimal landlord responsibilities
61,298 employees within a 5-mile radius
Located adjacent to LA Fitness and Sam?s Club; Walmart Supercenter, ALDI and other national brand retailers located in trade area
Executive Summary
Velocity Retail Group is pleased to offer this Dutch Bros Coffee Net Leased Investment located at 5789 Golden Triangle Blvd, Fort Worth, Texas 76244 (the ?Property?). A +/- 950 SF single tenant drive-thru building on an +/- 80,510 SF street frontage parcel is under construction by Dutch Bros. The target completion date is February 2023. 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. Dutch Bros Inc. is a publicly traded company listed on the NYSE. The Dallas?Fort Worth?Arlington metro area (?DFW? metroplex), with a population of 7,800,000, is one of the fastest growing metropolitan areas in the United States. DFW is an economic powerhouse that generated over $598 Billion in GDP during 2022. Exxon Mobil, McKesson, AT&T, American Airlines Group, Kimberly-Clark, DR Horton, 7-Eleven, Texas Instruments, BNSF Railway, Southwest Airlines and many other corporate headquarters are in the DFW area. Within a 5-mile radius of the Property, there are 61,298 employees working at 8,760 businesses adding to the robust local trade market dynamics. The Property is located on Golden Triangle Blvd., a major arterial road carrying 45,660 CPD. I-35W Fwy (85,864 CDP) is located 3.5 miles to the west of the Property and S. Main St (30,503 CPD) is located less than 1/2 mile to the east. Within a 3-mile radius of the Property, the population is 106,172 with an affluent AHHI of $177,797 and median age of 34.0. There are over 10,900 high school students in the local trade area. The youthful local population forms an ideal part of the Dutch Bros customer base. LA Fitness, Sam?s Club, Walmart Supercenter, ALDI and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area. This new Dutch Bros Coffee store will further enhance customer attraction local retail market.
