Dutch Bros | 12+yrs Remain Corp Abs NNN 2001 NW 23rd St

2001 NW 23rd St , Oklahoma City, Oklahoma, 73106 | 950 sq.f | $ 1,916,000

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About This Restaurant

Investment Highlights

Corporate Guaranteed (NYSE: BROS) | 12.25-Years Remaining on Lease | Scheduled Rental Increases | Options To Extend Nearby Signalized Hard Corner Intersection | Dual Drive-Thru | Multiple Points of Ingress/Egress | Located Along NW. 23rd St. | Excellent Visibility Strong Demographics In 5-Mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Dense Retail Corridor | Outparcel to VASA Fitness Adjacent to Oklahoma City University | Downtown OKC

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Oklahoma City, Oklahoma. The tenant has 12.25-years remaining on their initial term with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to own real estate within a dense, infill trade area.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
  • Building Size    950
  • Building Class    B
  • Year Built    2021
  • Price    1,916,000
  • Price Per SF    2,017
  • Cap Rate    5.35
  • NOI    102,500
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.04
  • Land Acres    0.49 AC

Amenities

  • Restaurant
  • Signage
  • Drive Thru
  • Monument Signage

Nearby Amenities & Transportation

Retail Salad and Go
Retail VASA Fitness
Retail Gold's Gym
Retail Mazzio's
Retail Walmart Neighborhood Market
Retail Panda Express
Retail Sam's Southern Eatery
Retail Wingstop
Retail Billy Sims BBQ
Retail Simmons Bank

Property Taxes

Parcel Number 052358775 Improvements Assessment $74,347
Land Assessment $0 Total Assessment $74,347
Date Created: 2024-07-16 04:18:08 Last Updated: 2024-07-16 04:18:08
Address: 2001 NW 23rd St , Oklahoma City, Oklahoma, 73106