Fort Myers, FL - Dutch Bros

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,080 locations throughout 24 states and a long-term goal of hitting 4,000+ stores
• 2026 construction which features high quality materials, distinct design elements, and high-level finishes

• Dutch Bros is strategically located near the signalized, hard corner intersection of San Carlos Blvd and Majestic Palms Blvd averaging over 15,100 VPD
• Located near the confluence of San Carlos Blvd (15,100 VPD), McGregor Blvd
(29,000 VPD), and Gladiolus Dr (11,600 VPD)
• The Dutch Bros is an outparcel to a Bealls anchored center
• The asset is located in the center of a dense retail corridor with other national/credit tenants including Target, Publix, Planet Fitness, CVS, Pet Supplies Plus, and more
• The asset is equipped with a dual drive-thru, providing ease and convenience for customers

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Listing ID: a28TP000002E5JdYAK