Dutch Bros Coffee | Triple Net (NNN) Lease
$2,950,000
1310 North University Avenue, Provo, UT 84604
For Sale
Retail
Free Standing
Active
Last Updated: 04/14/2022
4.5
Cap Rate
132,750
NOI
Details:
Cap Rate: 4.5%
NOI: $132,750
Building Size: 16,117.2 sqft
Lot Area: 0.37 acres
Lease Type: Triple Net
Description:
NEW LONG-TERM LEASE
Dutch Bros signed a brand new, corporate backed 10-year NNN lease with 10.00% rent increases every 5-years. The lease includes four (4) 5-year options to extend.
RENT COMMENCEMENT DATE
The rent commencement date for Dutch Bros is planned for February 2021.
LOCATION
The subject property is located just east of a major intersection of University Avenue and Cougar Boulevard. Situated within walking distance to Brigham Young University (BYU) campus.
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Location
Gallery
