Lynchburg, VA - Dutch Bros

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Dutch Bros investment property located in Lynchburg, Virginia. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15-year lease, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the 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 Timberlake Road/U.S. Highway 460 Business, near its intersection with Waterlick Road, with a combined 42,000 VPD. Timberlake Road is the major retail thoroughfare serving southern Lynchburg. The property is adjacent to AutoZone and directly across from Advance Auto Parts and Walgreens, positioned mid-block within an established run of national and credit tenants. The asset is adjacent to Waterlick Plaza, a Dollar Tree, Subway and Pizza Hut anchored center, and is a short distance from a Food Lion anchored center that also features Chick-fil-A, McDonald’s, State Farm and Verizon. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Lowe’s, Kroger, Starbucks, CVS Pharmacy, Wells Fargo, CarMax, Burger King, Arby’s, and more, further increasing consumer traffic to the site. In addition, the Dutch Bros is in close proximity to Wards Crossing and Candlers Station, the dominant regional shopping destinations in the Lynchburg MSA, anchored by Target, Kohl’s, Best Buy, Burlington, Ross, ALDI and Ollie’s. The subject property is also minutes from Liberty University (140,000 students | 16,000 residential students), the largest university in the Lynchburg MSA, along with the Liberty University College of Osteopathic Medicine (640 students) and Williams Stadium, driving significant daily and event-based traffic through the corridor. The 5-mile trade area is supported by a population of over 72,000 with an average household income of $92,000.

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