Lutz, FL - Dutch Bros

Description:

• The tenant recently signed a brand new 15-year lease with 4 (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 1,010 locations throughout 18 states and a long-term goal of hitting 4,000+ stores

• Dutch Bros is strategically located at the signalized, hard corner intersection of SR-54 & Sunlake Blvd averaging a combined 79,830+ VPD
• Adjacent to proposed HCA Medical Building and across from Sunlake Centre, a Publix anchored shopping center
• Sunlake Centre ranks in the top 92% of all nationwide neighborhood centers, and the Publix ranks in the top 96% (49 out of 1,300) of all nationwide locations according to Placer.ai
• Next to Long Lake, a mixed-use center that features 350+ multi-family units along with several retailers
• Across the street from a newly built retail development that features MISSION BBQ, First Watch, AutoZone, and more
• The First Watch ranks in the top 98% (7 out of 458) of all nationwide locations according to Placer.ai