Bowling Green, KY - Dutch Bros

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, Dutch Bros investment property located in Bowling Green, Kentucky. The tenant, Dutch Bros has over 14 years of term remaining with 4 (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 US Highway 31 and State Highway 234 with a combined 42,900 vehicles passing by daily. US Highway 31, is the major retail thoroughfare serving the city of Bowling Green. The asset is adjacent to a shopping center that features a top 25% Kroger location with over 1.1 million annual visitors. The Dutch Bros is in close proximity to Fairview Plaza Shopping Center, a Dollar Tree anchored center that also features national/credit tenants including McDonald’s, Wendy’s, 7-Brew, Domino’s, and Valvoline pads. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Harbor Freight, Taco Bell, Dunkin’, KFC, AutoZone, Midas and more, further increasing consumer traffic to the site. The asset is located approximately 2 miles from Western Kentucky University with over 16,500 students. The subject property is across the street from The Medical Center at Bowling Green, a 337-bed hospital with 3,500 employees and $1B+ in annual revenue. The 5-mile trade area is supported by a population of over 91,100 residents and 51,600 employees with an average household income of $78,182.