Dutch Bros

Highlights:

• Long-Term Lease: 15-year absolute net lease featuring 10% rental increases every 5 years
• Prime Location: Sandwiched between the top 12% most trafficked center in Indiana and a university, major traffic generators
• Brand-New Building: 2026 build-to-suit construction with double drive-thru
• Ideal Positioning: Located at the hard corner intersection of S Western Avenue and W 44th Street directly across from University Marketplace (see below)
• Strong Sales: Dutch Bros (NYSE: BROS) reported revenues of $1.64 billion in FY 2025, a ~28% increase over the previous year
• University Marketplace: A 325K SF shopping center ranked in the top 12% of centers in Indiana in terms of annual visits per Placer.ai (2.8M) with major national anchors including Meijer, Kohl’s, Hobby Lobby, PetSmart, Sephora, and T.J. Maxx
• Indiana Wesleyan University: 3,000 enrolled students at the Marion campus less than a quarter mile from the subject property

Description:

Brand-new 15-year absolute net corporate Dutch Bros lease featuring 10% rental increases every 5 years throughout the base term and options. The subject property is ideally located at the hard corner intersection of S Western Avenue and W 44th Street situated directly across from University Marketplace – a 325K SF shopping center ranked in the top 12% of centers in Indiana in terms of annual visits per Placer.ai (2.8M).

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