Dutch Bros | New 15yr Abs NNN | DrThru 2733 123

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Publicly-Traded Company (NYSE: BROS) | Growing & Popular Brand Strong National/Credit Tenant Presence | Interstate 10 | Nearby Hotels Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Strong Demographics in 5-Mile Trade Area

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, drive-thru equipped, Dutch Bros Coffee investment property located in Seguin, Texas. The tenant, BB Holdings TX, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design using high quality materials.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant Freestanding
• Building Size    950
• Building Class    C
• Year Built    2023
• Price    2,362,000
• Price Per SF    2,486
• Cap Rate    5.25
• NOI    124,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    0.99 AC

• Freeway Visibility
• Restaurant
• Signage
• Drive Thru