Daytona Beach, FL - Dutch Bros

Description:

• The tenant has 20 years remaining on their 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
• Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states
• 2024 construction which features high quality materials, distinct design elements, and high-level finishes

• Dutch Bros is strategically located off the signalized, hard corner intersection of Beville Road and S. Clyde Morris Blvd averaging a combined 66,000 VPD
• The immediate trade area is supported by surrounding retailers such as Walmart Supercenter, ALDI, Office Depot, and more
• Directly across from the newly constructed Shoppes at Beville Road, a Publix-anchored shopping center that also features tenants like Walgreens, Taco Bell, Bank of America, and more
• Ideally located off I-95 (78,500 VPD), allowing users to benefit from direct on/off ramp access to the subject property and surrounding trade area
• The asset is equipped with a drive-thru, providing ease and convenience for customers
• Drive-thru stores generate significantly higher sales and increase productivity