Cape Coral, FL - Dutch Bros

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,080 locations throughout 24 states and a long-term goal of hitting 4,000+ stores
• 2026 construction which features high quality materials, distinct design elements, and high-level finishes

• Dutch Bros is located at the signalized, hard corner intersection of Del Prado Blvd S (53,000 VPD) and SE 26th St, increasing consumer exposure to the site
• Located in close proximity to the intersection of Veterans Parkway and Del Prado Blvd, which combine to average more than 120,500 vehicles passing daily
• Less than 1 mile from Coralwood Shopping Center with tenants including LA Fitness, Hobby Lobby, ALDI, Ulta, HomeGoods, and more
• The site is situated in the center of a dense retail corridor with other national/credit tenants including Walmart, Publix, Target, Lowe’s, First Watch, and Chipotle
• The asset is equipped with a dual drive-thru, providing ease and convenience for customers

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Listing ID: a28TP000002E5mfYAC