Tulsa, OK - 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 remodel which features high quality materials, distinct design elements, and high-level finishes

• Dutch Bros is strategically fronting S Memorial Dr that also intersects with E 71st St with a combined traffic count of over 78,000 vehicles per day
• Outparcel to Walmart Supercenter which ranks in the top 96th percentile nationwide and generated over 3.4 million visitors in the past 12 months according to Placer.Ai
• National tenants in the immediate trade area such as Starbucks, Olive Garden, Wingstop, KFC, Pizza Hut, IHOP, Subway, Domino’s, and more
• Olive Garden 6.1 million in sales accoriding to CenterCheck
• Surrounded by big box retailers such as The Home Depot, Lowe’s, Dicks Sporting Goods, TJ-Max, Kohl’s, Ross, Burlington, Hobby Lobby, and more

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Listing ID: a28TP0000037xb8YAA