Joplin, MO - Dutch Bros

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, corporate guaranteed, Dutch Bros investment property located in Joplin, Missouri. The tenant, Boersma Bros LLC recently signed a brand new 15-year lease with 4 (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 a passive investor. The property features brand new construction with a state of the art design.

The Dutch Bros is located along S Rangeline Rd, which averages 59,660 vehicles passing by daily and is a major retail thoroughfare serving the city of Joplin. The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. Additionally, the property is situated just down the road North Point Center, a 219,000 square foot shopping center with major tenants including Ross Dress for Less, Ashley Furniture Store, Natural Grocers, Home Outlet, and more. Moreover, the Asset located just south of Northpark Mall, a 1,209,000 square foot shopping mall anchored by T.J. Maxx, Old Navy, Dunham’s Sport, and more. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Target, ALDI, Kohl’s, Burlington, Academy Sports, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 72,600 with an average household income of $76,216.