Indianapolis, IN - Dutch Bros

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed
(NYSE: BROS), new construction, Dutch Bros investment property located in Indianapolis, Indiana. The tenant, Dutch Bros Coffee, recently signed a new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation. The lease 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 acquire a drive-thru pad leased to one of the nation’s fastest-growing coffee brands in a high-performing retail corridor. Dutch Bros is a nationally recognized QSR brand known for its unmatched drive-thru speed with 1,000+ locations.

The subject property is strategically located at the high-traffic intersection of Thompson Road and Emerson Avenue (combined 50,300 VPD), the property sits as
an outparcel to a top-performing Kroger Marketplace that receives over 1.7 million annual visits (Placer.ai), ranking as the 5th-best Kroger in Indiana and in the 96th percentile nationwide. The site benefits from excellent accessibility, positioned less than a mile from the I-465 (124,000 VPD) and I-65 (127,700 VPD) highways, which provide direct access to downtown Indianapolis just 8 miles away. This dynamic retail corridor is anchored by national powerhouses including Walmart Supercenter
(2.7M+ annual visits), Lowe’s (800K+ annual visits), and Emerson Plaza (1.1M+ annual visits) with co-tenants such as Planet Fitness, Dairy Queen, Ollie’s, Wendy’s, and Taco Bell. The area also benefits from adjacent industrial employers like Hellmann Worldwide Logistics and 1A Auto, contributing to a strong daytime population. The tenant will have access to a strong consumer base comprised of many single-family neighborhoods and several multifamily communities, including Willow Glen South (592 units), Emerson Village (352 units), and Farhill Lake (106 units), the location draws from a dense and diverse residential consumer base. The 10-mile trade area is supported by a population of over 201,400 residents and 77,700 employees with an average household income of $89,242.