Dutch Bros | New 15yr Corp Abs NNN 2655 Melrose Dr

Investment Highlights

Corporate Guaranteed (NYSE: BROS) | Brand New 15-Year Lease | Scheduled Rental Increases | Options To Extend Southern California Real Estate | High Barriers to Entry Encompassed by Hospitality and Residential Communities | Bressi Ranch Village | Dense Retail Corridor | New Development Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Located Along S. Melrose Dr. | Dual Drive-Thru | Major Signalized Intersection | Excellent Visibility and Access Strong Demographics in 5-Mile Trade Area | Six Figure Incomes

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee (land ownership) interest in a NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Vista, California (San Diego MSA). The tenant recently signed a 15-year lease with 3 (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 NNN with minimal landlord responsibilities, making it an ideal investment opportunity for a passive investor. This offering represents a rare opportunity to acquire Southern California real estate within a dense, infill trade area with high barriers for new development. Dutch Bros is currently under construction and they expect to open June 2024.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    1,050
• Building Class    B
• Year Built    2024
• Price    2,941,000
• Price Per SF    2,801
• Cap Rate    4.25
• NOI    125,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    0.58 AC

• Restaurant
• Signage
• Drive Thru