Investment Highlights
15-Year Absolute NNN Lease | Attractive Rent Increases
Continued Development | Affluent Area
New Construction Drive-Thru | Premier Retail Corridor
Community Hub
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dutch Bros Coffee asset located at 2860 N Maize Rd in Wichita, KS (the ?Property?). The Property is a brand-new double drive-thru, featuring exceptional access and visibility in the premier retail corridor in a growing market. The location along Maize Rd sees 17,000 cars per day, double from just five years ago. In line with the #1 power center in the state of Kansas, NewMarket square, this prime location neighbors dozens of national tenants including Walmart, Sam's Club, Super Target, and Lowe's.Dutch Bros Coffee is operating under an Absolute NNN lease. The fifteen year lease features 10% rental increases every five years during the base lease term and at the beginning of each of the three, five year renewal option periods. The initial lease term remaining is 13.5 years and will see its first 10% rent bump in 3.5 years. See Lease Abstract for full details.
