Largo, FL - Dutch Bros

Description:

• Boersma Bros. LLC Corporate guaranteed lease
• 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.
• Dutch Bros is the 3rd largest coffee chain in the U.S. with over 1,040 locations across 18 states with a long-term goal of reaching 4,000+ locations
• Dutch Bros holds an industry-leading AUV of over $2MM

• The Dutch Bros is an outparcel to a Sprouts Farmers Market anchored center that also features national/credit tenants including Dollar General, Little Ceasars, McDonald’s, Panda Express, as well as other local tenants
• The asset is located within walking distance to East Bay Plaza, a 75,000 square foot Publix anchored center that also includes many national/credit tenants such as a Harbor Freight, Family Dollar, Happy’s Rent to Own, Burger King, Dunkin’, and more