Jefferson City, TN - Dutch Bros

Description:

• The tenant recently signed a brand new 15-year lease with 3 (5-year) option periods, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation
• The lease is guaranteed by Boersma Bros, LLC throughout the initial term
• Founded in 1992, Dutch Bros is a growing drive-thru coffee chain that’s dedicated to providing excellent service and quality coffee
• Per a March 2024 CoStar report, Dutch Bros ranks no. 3 among U.S. coffee and bakery chains, based on U.S. sales
• Dutch Bros is setting ambitious growth targets, aiming to operate 1,000 stores by 2025, with plans to expand to 4,000 locations in the long term

• Ideally positioned within a dense and actively developing retail corridor anchored by a strong mix of national tenants, including Walmart Supercenter, Lowe’s, Big Lots, Tractor Supply Co., O’Reilly Auto Parts, and CVS Pharmacy
• The area is experiencing significant growth, with notable recent developments including Arby’s, Tidal Spa, and City Point Center, enhancing the corridor’s appeal and drawing increased consumer traffic
• This established and expanding tenant mix helps drive consistent local foot traffic, supports crossover exposure to the subject property, and reinforces the long-term strength of the trade area
• Located just 4 minutes from Carson-Newman University, a private institution with over 2,700 enrolled students, the property also benefits from strong daytime population and institutional proximity