Dutch Bros - 15yr NNN Lease

Valdry Court, Brentwood, CA

$2,933,000

Price

796 sqft

Building Size

0.63 acres

Lot Area

Overview
Building Size
796 sqft
Lot Area
0.63 acres
Occupancy
100%
Year Built
2019
Description

Dutch Bros coffee kiosk with a 15 year NNN lease. The construction was completed at the beginning of this year and the tenant is in full operation with lines around the block. Brentwood was thirsty for Dutch Bros! The site consists of an 796 square foot building with two lane drive-thru component, which improves volume and sales revenue.

Leased for 15 years to experienced operator with an initial starting rent of $11,000 per month with annual escalations of 2.75%. The lease allows for five 5-year options to renew at a rate 2.75% from the previous year. The Lease structure is a triple net lease with the tenant responsible for all expenses. Tenant has a Right of First Refusal to Purchase for the term of the Lease, but has already declined this right. The rent expense to the operator is well within the percentage of gross sales for the operator and for Dutch Bros kiosk.

Dutch Bros Coffee was founded in 1993 by two brothers in Grants Pass, OR. Today the coffee company is the country's largest, privately held drive-thru coffee company, with over 300+ locations in seven states and over 10,000 team members. The company donates over $2 million a year to its local communities and non-profit organizations. The company plans to triple its stores within the next five years to 800 locations. There is a huge demand and following for this product in Northern California!

Located on the corner of Valdry Court and Brentwood Blvd.

Highlights
  • Strong Performing Dutch Bros
  • 15 year NNN Lease
  • Strong Operator
  • Robust Demographics in Surrounding Area
  • Highly Functional Design with Double Drive-Thru Component
  • Rent Expense is well within the Allowable Percentage for Operator

Location
Gallery