About This Restaurant
Investment Highlights
Longest Dutch Bros. Lease in the Western US (17+ years...Absolute NNN) Rent is 20% Below Market Only Dutch Bros. on the Market Nationwide w/ 2% annual increases. Great hedge against inflation. New Construction Completed December 2020 w/ Transferable Warranties
Executive Summary
***Contact Nick Davidson: (916) 218-9978 or ndavidson@cirepartners.com.CIRE Partners is pleased to present this free-standing, drive-thru Dutch Bros Coffee completed in December 2020. Zero landlordmanagement, 17+ year absolute net lease with rare 2% annual increases to keep pace with inflation.Below market rent at the subject property is 20% lower than other Dutch Bros. offerings in the Sacramento MSA. One of two Dutch Bros. west of the Mississippi with more than 15 years remaining on the initial term, the other is a sale-lease back. Only available Dutch Bros. with annual rental increases and the scheduled rental increases are higher than any other Dutch Bros. offering in the country.The freeway visible property, with rare pole sign, is ideally positioned to capture local and freeway traffic. High visibilitybuilding is adjacent to McDonald?s, Chevron, and other national QSRs.Galt, CA is a fast-growing suburb of Sacramento with a population of 26,000. Average household income is approximately $96,000.Listing agent has ownership interest in subject property.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Office Medical Restaurant
- Building Size 861
- Building Class C
- Year Built 2020
- Price 2,500,000
- Price Per SF 2,904
- Cap Rate 4.33
- NOI 108,243
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.38 AC
Amenities
- Drive Thru
Property Taxes
Parcel Number | 150-0303-059 | Improvements Assessment | $200,791 |
Land Assessment | $707,472 | Total Assessment | $908,263 |
Date Created: | 2024-07-16 04:09:25 | Last Updated: | 2024-07-16 04:09:25 |
Address: | 325 Pine St , Galt, California, 95632 |