Chula Visat CA - Dutch Bros.

Description:

Corporate Guaranteed (NYSE: BROS)
Ground Lease with BB Holdings CA, LLC, guaranteed by Boersma Bros, LLC
Market Capitalization currently greater than $8 Billion
Dutch Bros has approximately 1,000 stores, with plans to open 160 new stores in 2025
Same store sales increased by 5.3% for 2024 and 6.9% in Q4 2024
Guidance for 2025 is $1.55B in revenue, up from $1.28B in 2024
Unit level sales for San Diego County locations have been exceptional

Brand New 15-Year Lease | Scheduled Rent Increases
New construction 15-year absolute net ground lease with 3, 5-year options to extend
The lease features a 10% rental increase every 5 years throughout the initial term and options, providing rental income growth and a hedge against inflation

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Tenant pays for all maintenance, property taxes and insurance
No Landlord responsibilities for maintenance or repairs
Ideal, management-free investment for a passive investor

Strong Demographics in 3-Mile Trade Area | Six Figure Incomes
More than 198,000 residents and 90,000 employees support the trade area
An affluent average household income over $100,000 projected to increase to $119,000 by 2029

Southern California Real Estate | High Barriers to Entry
This offering represents a rare opportunity to acquire real estate within a dense, infill trade area with high barriers to new development
SANDAG projects 18% population growth in Chula Vista between now and 2050
Chula Vista is the 2nd largest city in San Diego County (population approx. 280,000), with close proximity to over 59 million people crossing the Tijuana border heading north to Chula Vista annually

Located Along 3rd Avenue | Dual Drive-Thru | Major Signalized Intersection | Excellent Visibility and Access
Strategically located along 3rd Avenue, a major north/south retail and commuter thoroughfare
Excellent visibility and access via significant street frontage, a large monument sign, and multiple points of ingress/egress
½ mile south of the highly regarded San Diego Country Club
1 mile south of Chula Vista High School with over 2,000 students
3 miles east of The Gaylord Pacific Resort and Convention Center – a new 1,600 room resort with ~2 million square feet of enclosed space on 22 stories projected to open in summer 2025