Irmo, 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 Irmo, South Carolina. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15 year lease, with 3 (5-year) 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 near the signalized intersection of Broad River Road (U.S. Highway 76 & 176) and St. Andrews Road with a traffic count of 21,400 VPD, with strong regional access via Interstate 26 (60,100 VPD). Broad River Road is the major retail thoroughfare serving the city of Irmo. The Dutch Bros is positioned within an established drive-thru retail corridor alongside national/credit tenants including McDonald’s, Wendy’s, Arby’s, Tractor Supply, and Freddy’s. The asset is in close proximity to a Walmart Supercenter anchored corridor that also features ALDI, Food Lion, CVS, Popeyes, Dunkin’, Starbucks, and Chick-fil-A. In addition, the property serves the surrounding residential base, including 195+ homes directly adjacent, Livingston Place (186 homes), and The Palisades at Ballentine (315 units). The site is also supported by nearby demand drivers including Dutch Fork High School (1,705 students) and Dutch Fork Middle School (928 students), further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 68,900 with an average household income of approximately $127,615.

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