Indianapolis, IN - Dutch Bros (82nd St)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire a fee simple (land & building ownership) in an absolute NNN leased, corporate signed, Dutch Bros Coffee investment property located in Indianapolis, Indiana. The tenant, Boersma Bros, LLC 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 passive investors.

The Dutch Bros Coffee is located along E. 82nd Street, near the heavily trafficked, signalized intersection of E. 82nd Street and Allisonville Road, with a combined traffic count exceeding 390,000 vehicles per day from Interstate 465, Interstate 69, and E. 82nd Street. E. 82nd Street serves as the primary retail corridor for the Castleton submarket of Indianapolis. The property is an outparcel to Castleton Point Shopping Center and sits adjacent to Castleton Square Mall, the largest shopping center in Indiana anchored by Macy’s, Dick’s Sporting Goods, and H&M. Surrounding national/credit tenants include Costco, Lowe’s, Best Buy, Trader Joe’s, Ross, T.J.Maxx, Meijer, and The Home Depot, further strengthening the area’s retail draw. The asset benefits from strong consumer traffic driven by nearby employers such as Community Hospital North, Kindred Hospital, and Roche Diagnostics North America. The 5-mile trade area is supported by a population of 169,700+ residents with an average household income exceeding $124,000.

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Listing ID: a28TP000001jB0LYAU