Oklahoma City, OK - Dutch Bros

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Oklahoma City, Oklahoma. The tenant has 12.25-years remaining on their initial term with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to own real estate within a dense, infill trade area.

Dutch Bros. Coffee is strategically located along NW. 23rd St., a major retail and commuter thoroughfare averaging 25,000 vehicles passing by daily. The building is complete with a dual drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The asset is an outparcel to VASA Fitness, a popular fitness center that sees close to 700,000 gym-goers a year. The property benefits from being near the major signalized intersection of NW.23rd and N. Pennsylvania (48,900 VPD). Located within a dense retail corridor, Dutch Bros. is within close proximity to a variety of national/credit tenants including Lowe’s, Raising Cane’s, McDonald’s, Panda Express, Walgreen’s, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the subject property is adjacent to Oklahoma City University, an institution boasting more than 2,000 students and 800 supporting staff members. Universities provide consistent and constant consumer demand. The 5-mile trade area is supported by more than 221,000 residents and 239,000 daytime employees with an affluent average household income of $72,231.