Brawley, CA - Dutch Bros
$2,913,000
311 Panno Drive, Brawley, CA 92227
5.15
Cap Rate
150,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Dutch Bros investment property located in Brawley, California. The tenant, Dutch Bros, recently signed a brand new 15 year lease with 3 (5-year) plus one 4-year, 11-month 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 at the signalized intersection of Panno Drive and S. Brawley Avenue / State Highway 86, a major commercial corridor serving the city of Brawley, California. The property is positioned adjacent to Quick Quack Car Wash and benefits from strong visibility along S. Brawley Avenue, which carries approximately 19,100 vehicles per day. The asset is situated within a prominent retail corridor surrounded by national and regional tenants including Walmart Supercenter, Starbucks, Del Taco, Dollar Tree, ampm, Circle K, AutoZone, O’Reilly Auto Parts, McDonald’s, Carl’s Jr., KFC, Taco Bell, Jack in the Box, Family Dollar, Dollar General, Vons, Ace Hardware, Subway, and Pizza Hut, among others, which helps drive consistent consumer traffic to the site. The subject property is also in close proximity to several key demand drivers including Pioneers Memorial Hospital (107 beds), Brawley Union High School (1,840 students), Barbara Worth Junior High School (916 students), Padilla-Pace Middle School (401 students), and Desert Valley High School (168 students). Additionally, the property benefits from its location approximately 126 miles east of San Diego, providing strategic access within the Imperial Valley. The 5-mile trade area is supported by an estimated population of 27,320, an average household income of $88,737, and approximately 7,447 employees.
Location
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