North Augusta, SC - 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 North Augusta, South Carolina. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15-year lease, with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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 Edgefield Road (U.S. Highway 25/State Highway 121) with direct frontage to 46,915 VPD. Edgefield Road is the major retail thoroughfare serving the city of North Augusta, connecting Interstate 20 and Interstate 520/Palmetto Parkway (21,000 VPD) to the greater Augusta employment core. The Dutch Bros is an outparcel to Edgewood Square Shopping Center, a Hobby Lobby, Tractor Supply Co., and Burlington anchored center that also features national/credit tenants including Five Below and Max Fitness. The asset is surrounded by additional national/credit tenants lining the immediate corridor including CVS Pharmacy, Dollar General, CitiTrends, Papa Johns, Captain D’s, McDonald’s, Pizza Hut, Advance Auto Parts, and Hardee’s, further increasing consumer traffic to the site. In addition, the property is minutes north of North Augusta’s primary retail node, featuring a Walmart Supercenter, Lowe’s, Kroger, ALDI, the Publix-anchored North Augusta Plaza, and the Belk-anchored Martintown Plaza. The immediate trade area is experiencing significant residential growth with 300+ new residences under development surrounding the site, including Rushing Waters, a D.R. Horton community directly behind Edgewood Square featuring 68 townhomes and 63 single-family homesites, and Forrest Bluff, an approximately 170-home Ivey Homes community less than one mile southwest. The subject property is in close proximity to Fort Eisenhower, home of the U.S. Army Cyber Center of Excellence, the Savannah River Site, and Augusta University and its medical district, and is located 18 minutes (7.1 miles) from downtown Augusta and Augusta National Golf Club, host of the annual Masters Tournament. The 5-mile trade area is supported by a population of over 82,000 and approximately 73,500 employees with an average household income of $94,034.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003f185YAA