Cookeville, TN - Dutch Bros

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, absolute NNN leased Dutch Bros investment property located in Cookeville, Tennessee. The tenant recently executed a brand-new 15-year lease with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease is backed by a corporate guaranty from Boersma Bros. LLC, a subsidiary of Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing coffee brands in the U.S. Scheduled 10% rental increases every five years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation. Constructed in 2025, the property features Dutch Bros’ latest prototype design with modern finishes and an optimized drive-thru layout. The lease is structured as absolute NNN with zero landlord responsibilities, offering a true management-free investment ideal for passive or out-of-state investors.

The site is strategically located along South Jefferson Avenue (22,400 VPD), with direct access to Interstate 40 (58,500 VPD). Positioned in a dense retail corridor, the asset is surrounded by national brands including Lowe’s, Raising Cane’s, and Sam’s Club. The nearby Lowe’s ranks as the #2 Lowe’s location nationwide by visit volume, according to Placer. ai, further validating the area’s strong retail draw. The property is also near major shopping destinations such as The Shoppes at Eagle Pointe, Cumberland Station, and Jackson Plaza, and is surrounded by numerous hotels, including Best Western, Home2 Suites, and Quality Inn, further increasing daily consumer traffic. The 5-mile trade area includes more than 53,700 residents and 39,100 employees, with a 1-mile average household income exceeding $101,970. Continued regional growth is fueled by multiple new developments, such as the upcoming Willows Shopping Center with planned Home Depot and Target anchors, as well as proximity to Tennessee Technological University, located just two miles from the site and home to over 10,700 students. Cookeville is conveniently located just 78 miles from Nashville, one of the fastest-growing cities in the Southeast, providing strong economic spillover. Cookeville’s strong demographics, expanding retail footprint, and institutional anchors reinforce long-term investment stability and retail demand.

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