Dutch Bros Coffee 2879 Hwy 31

Investment Highlights

New 15-year absolute NNN corporate lease with 10% rental increases every five years Prominent location outparcel to Walmart Supercenter along State Hwy 31 / East Front St with excellent visibility and access to 19,118 vehicles per day Gateway to Dallas, the third-largest city in Texas (1.3 million residents) Dutch Bros (NYSE: ?BROS?) went public in 2021 ? now valued at over $6.4 billion Just off the signalized intersection of State Highway Loop 323 and State Highway 31 / East Front Street with over 44,000 combined vehicles per day New high-quality 2023 construction built to latest Dutch Bros prototype and projected to be completed in the fall of 2023

Executive Summary

Absolute NNN Corporate Lease: New 15-year absolute NNN corporate lease with 10% rental increases every five yearsOutparcel to Walmart Supercenter: Prominent location along State Highway 31 with excellent visibility and access to 19,118 vehicles per dayExcellent Location: Just off the signalized intersection of Southeast Loop 323 and State Highway 31 E with over 44,000 combined vehicles per day at the intersectionDense Retail Corridor: Well-positioned near notable tenants such as Walmart Supercenter, ALDI, 7-Eleven, Raising Cane?s, Starbucks, McDonald?s, Taco Bell, KFC, Dairy Queen, and numerous othersIdeal Nearby Customer Base: 2.6 miles from UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Mother Frances Hospital - South Tyler (457 beds)Beneficial Proximity to Well-Attended Schools: Less than 3 miles from the University of Texas at Tyler (10,000 students, 1,201 employees, 200-acres), and Tyler Junior College, one of the largest community colleges in Texas (137-acre campus, 554+ employees, 13,000 students)Gateway to Dallas: The city of Tyler is a gateway to Dallas, the third-largest city in Texas with 1.3 million residents

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    955
• Building Class    B
• Year Built    2023
• Price    2,216,000
• Price Per SF    2,320
• Cap Rate    5.40
• NOI    119,617
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.01
• Land Acres    3.30 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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