Denham Springs, LA - 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 ground leased Dutch Bros investment property located in Denham Springs, Louisiana. The tenant, Boersma Bros. LLC, recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. Boersma Bros. LLC is a corporate entity of Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing coffee brands in the United States. The lease features 10% rental increases every 5 years throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, providing an ideal, management-free investment opportunity.

The Dutch Bros is strategically located within Juban Crossing, a $350 million, 471-acre mixed-use development at Interstate 12 and Juban Road in Livingston Parish. Encompassing more than 1.2 million square feet, Juban Crossing is a major regional shopping, dining and entertainment destination featuring Belk, Academy Sports + Outdoors, T.J. Maxx, Ross Dress for Less, Rouses Markets, Barnes & Noble, PetSmart, Old Navy, Ulta Beauty and Five Below. The master-planned development integrates retail, dining, entertainment and residential uses, with plans for additional commercial, residential and hospitality development. The property benefits from immediate access to Juban Road (18,700 VPD) and proximity to Interstate 12 (110,900 VPD), providing excellent regional connectivity. The surrounding area includes more than 500 multifamily units near Juban Crossing. The 5-mile trade area features more than 71,800 residents and 19,500 employees with an average household income of approximately $97,200.

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