Kingsport, TN - Dutch Bros

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Kingsport, Tennessee. The tenant, Dutch Bros, recently signed a brand-new, 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, 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 an out of state investor.

The Dutch Bros is located along Lee Hwy/E. Stone Drive, a major retail and commuter corridor serving the city of Kingsport, Tennessee, with traffic counts of approximately 33,140 vehicles per day, and near State Highway 93, which carries an additional 30,700 vehicles per day. The property is positioned as an outparcel within a strong retail corridor and is surrounded by national and credit tenants including Target, Kohl’s, Academy Sports, Michaels, Ulta, Dollar Tree, TJ Maxx, Ross, Hobby Lobby, Five Below, PetSmart, Aldi, Lowe’s, Walmart Neighborhood Market, CVS, Dunkin’, Walgreens, and Home Depot, which help drive consistent consumer traffic to the site. The asset is also near major healthcare and community anchors including Indian Path Community Hospital (239 beds), Holston Valley Medical Center (303 beds), and Dobyns-Bennett High School (2,351 students), further supporting daily traffic and long-term tenant demand. The 5-mile trade area is supported by an estimated population of more than 67,678, with an average household income of approximately $78,789 and over 45,228 employees, making this an attractive location for long-term retail performance.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002dF4UYAU