Pearl, MS - 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 Pearl, Mississippi (Jackson MSA). The tenant, Boersma Bros. LLC, recently executed a brand new 15-year lease with 3 (5-year) renewal options, providing stable in-place income with long-term extension potential. The lease features 10% rental increases every 5 years throughout the primary term and at the beginning of each option period, driving NOI growth and providing a hedge against inflation. Boersma Bros. LLC is a corporate subsidiary of Dutch Bros Inc. (NYSE: BROS), which operates more than 1,225 shops across 26 states. Dutch Bros carefully selected this site in Pearl as its entry point into Mississippi, making it the state’s first Dutch Bros location, which opened on July 8, 2026. The property features new 2026 construction with drive-thru infrastructure, and the lease is absolute NNN with zero landlord responsibilities, providing an ideal, management-free investment opportunity for a passive investor.

The property is strategically positioned at the signalized, hard corner intersection of State Highway 18 & 468/U.S. Highway 80 (21,000 VPD) and Bass Pro Drive (6,700 VPD), within minutes of Interstate 20 (108,000 VPD) and Interstate 55 (113,000 VPD). The site is located at the entrance to Outlets of Mississippi, an approximately 325,000 SF outlet center attracting approximately 2.6M annual visits according to Placer.ai. Additional nearby traffic drivers include the state’s only Bass Pro Shops, which exercised two 5-year renewal options in 2025, a Sam’s Club drawing 2.2M annual visits and ranking in the top 20% nationally among comparable locations, and Trustmark Park. The property is also surrounded by numerous hotels, including Hilton Garden Inn, Home2 Suites, and Hampton Inn, generating additional visitor demand. The 5-mile trade area is supported by more than 114,800 employees and 66,600 residents, providing a substantial daytime population within the Jackson MSA.

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