Brand New Dutch Bros Coffee Drive-Thru

Highlights:

• 15 Absolute NNN Lease | Zero Landlord Responsibility
• Just off Austin Peay Highway Seeing 36,990 VPD
• PRIME HIGHWAY ACCESS & STRONG VISIBILITY
• $45M Civic Center Redevelopment Across the Street Created High New
• Development Energy | Many New National Tenants in this Area
• Located Near a Busy Signalized Intersection | 17,024 ADTC on Yale Rd
• On Main Retail Thoroughfare | Surrounded by Homes
• 10% Rental Rate Increases Every 5 Years
• Three (5 Year) Options to Renew with 10% Increase at Each
• 5 Mile Population 152,710
• 1 Mile Average Household Income $78,520
• Strong Corporate Guaranty
• 5 Mile Consumer Spending is $1.4 BILLION!

Description:

Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Memphis, Tennessee. Dutch Bros is a rapidly expanding tenant with goals of reaching 2,029 stores by 2029 as well as annual revenue growth of 20%. This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The lease also features a strong corporate guaranty. The store has completed construction & successfully opened for business in June 2026.

This Dutch Bros is located off of the Austin Peay Highway (seeing 36,990 cars per day) in front of a Save-A-Lot anchored shopping center. Situated on a main retail thoroughfare, this site is surrounded by residential homes. In 2020, the civic center across the street completed a $45 Million redevelopment that activated this area with new development! Since then Chick-fil-A, Whataburger, Starbucks and many other tenants in the immediate surrounding area have opened new locations here. The 5 mile population from the site is 152,710. The 1 mile household income is $78,520. The 5 mile consumer spending is a huge $1.4 BILLION. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $166,629.

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