Santa Maria, CA - Dutch Bros

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Santa Maria, California. 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 a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to acquire Central California real estate within a dense, infill trade area with high barriers for new development.

Dutch Bros. Coffee is strategically located along N Broadway, a major retail and commuter thoroughfare averaging 25,000 vehicles passing by daily. The building is complete with a dual drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The property benefits from nearby on/off ramp access to U.S. Highway 101 (73,700 VPD), the longest highway traveling throughout California, stretching from Los Angeles, CA to Tumwater, WA. Located within a dense retail corridor, Dutch Bros. is within close proximity to a variety of national/credit tenants including Macy’s, CVS Pharmacy, 7-Eleven, Walgreens, Dollar Tree, AutoZone Auto Parts, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site In addition, the quick-service restaurant is located within a hospitality cluster comprised of 13+ hotels, which provides a strong consumer base from which to draw. Notable hotels within the 3-mile radius include Hampton Inn, Holiday Inn & Suites, Fairfield Inn & Suites, Motel 6, Santa Maria Inn, and more. The 5-mile trade area is supported by more than 117,000 residents and 38,000 daytime employees with a healthy average household income of $81,000.

---

Report Listing This listing was syndicated through:

Listing ID: a284o000000iCIrAAM