Shreveport, LA - Dutch Bros
$3,107,000
SEQ Mansfield Rd & Baird Rd, Shreveport, LA 71118
5.6
Cap Rate
174,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros Coffee investment property located in Shreveport, Louisiana. The tenant, Boersma Bros, LLC (d.b.a Dutch Bros Coffee) recently signed a brand 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
The Dutch Bros is located near the signalized, hard corner intersection of Hwy 171 and Baird Rd which combine to average over 28,200 vehicles per day. Hwy 171,
is the major retail thoroughfare serving the city of Shreveport. The Dutch Bros benefits from excellent visibility along Hwy 171. The asset sits across from a Walmart Supercenter anchored center. Adjacent retailers include Aldi to the south, Panda Express, Aneca Federal Credit Union, Chipotle, and Take 5, all contributing to strong consumer traffic in the area. The property is centrally located within a primary retail corridor, surrounded by national/credit tenants such as Lowe’s, Kroger, Starbucks, McDonald’s, Taco Bell, Tractor Supply Co., Family Dollar, and more further driving consistent consumer traffic to the site. Dutch Bros is ideally positioned less than 20 minutes from downtown Shreveport, benefiting from its location. The asset’s placement allows for a convenient morning commute to the urban core while capturing consistent traffic from both local residents and commuters traveling into downtown. Located less than 2 miles from Southwood Highschool with a student population of over 1,400. The 5-mile trade area is supported by a population of more than 65,000 residents and over 30,000 employees, with an average household income of $62,462.
Location
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