Boiling Springs, 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 Boiling Springs, South Carolina. The tenant has over 13 years of initial term remaining with 1 (10-year) option to extend followed by 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Dutch Bros is located near the intersection of Boiling Springs Road and Interstate 85 which combine to average over 102,500 vehicles passing by daily. Boiling Springs Road is the major retail thoroughfare serving the city of Boiling Springs. The Clutch Coffee is located approximately 2 miles from Boiling Springs Shopping Center, a Walmart Supercenter anchored center that features other national/credit tenants such as Chick-fil-A, Wendy’s, Applebee’s, AT&T, Dollar Tree, KFC, Arby’s, and more. In addition, the site is also near a Target anchored center that features other national/credit tenants such as Whataburger, Anytime Fitness, and Quik Trip. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Lowe’s, ALDI, Ingles, Harbor Freight, Walgreens, Starbucks, Advance Auto Parts, Firehouse Subs, and more, further increasing consumer traffic to the site. The immediate trade area is supported by a population of over 77,000 residents and 41,000 employees with an average household income of $102,735 within 1 mile.

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