Dutch Bros

41 West 84th Avenue, Thornton, CO

$2,557,053

Price

4.75%

Cap Rate

$121,460

NOI

Overview
Cap Rate
4.75%
NOI
$121,460
Building Size
824 sqft
Lot Area
0.54 acres
Lease Type
Double Net
Occupancy
100%
Tenancy
Single
Year Built
2019
Parking Spots
16
Description

A new construction, build-to-suit Dutch Bros located in Thornton, CO. The 15-year lease features 10% increases in the base term and options; rent commenced on January 17th, 2020. The lease is double net with tenant responsible for all costs related to taxes, insurance and maintenance (inclusive of HVAC).

The property is ideally situated with direct frontage along 84th Avenue and is located directly off the Exit 219 off-ramp of Interstate 25 (175,000 VPD). Dutch Bros sits on signalized corner location with great visibility and a large pylon sign. It is a pad to Sportsman Warehouse and Appliance Factory Warehouse. Nearby retailers include McDonald’s, Burger King, Taco Bell, Arby’s, Waffle House, and within close proximity is a King Soopers Grocery. The dense residential location is within one mile of Sherrelwood & Coronado Elementary Schools. Thornton is a highly desirable area to live with easy access to Interstates 25, 76, and 270, downtown Denver (10 miles), and Denver Internation Airport (25 miles), allowing businesses to prosper and convenient access to transportation for residents.

Dutch Bros Coffee is the country’s largest privately held, drive-thru coffee company. Having started as a single espresso pushcart, the company now has over 380 locations across seven western states. Dutch Bros has been recognized as having one of the strongest track records by Forbes’ annual list of best franchises. Dutch Bros Coffee has always focused more on people than the bottom line, with a desire to transform lives above all else. An example of this would be that at the onset of the COVID-19 crisis, it gave all of the store employees a $3 per hour increase in wage, and donated all April profits to medical first responders on the front lines.


In conjunction with
CO Licensed Broker:
David Leuthold
Leuthold Commercial Properties
303.871.9000

Documents

Location
Gallery