Fort Pierce, FL - Dutch Bros

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,203 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• 2026 build-to-suit construction featuring high-quality materials, distinct design elements, and high-end finishes, including Dutch Bros’ famous drive-thru prototype

• Dutch Bros is strategically located along U.S. Highway 1, which averages more than 34,000 vehicles per day, allowing the site to pull from strong daily traffic flow
• Located directly across from Gateway Plaza, anchored by Ross Dress for Less and Burlington, with other major tenants including Wawa, Starbucks, Planet Fitness, Harbor Freight Tools, PetSense, and more, drawing more than 3 million annual visitors according to Placer.ai
• Located near HCA Florida Lawnwood Hospital, a major area employer with more than 2,000 staff members and 497 licensed beds, providing a large built-in consumer pool
• Located near multiple high-performing national tenants, including Publix, Dollar General, and Hibbett Sports, all ranking in the 87th–89th percentile nationwide according to CenterCheck and driving strong consumer traffic to the immediate trade area

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Listing ID: a28TP000002zdZZYAY