Meridian, ID - Dutch Bros

Description:

• Yarnall Operations, LLC (6+ Unit Operator) Franchisee guaranteed lease
• The tenant, Dutch Bros has 8+ years remaining with 2 (5-year) option periods to extend
• The lease features 3% annual increases throughout the initial term and 10%rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation

• The subject property is located less than 5-miles from The Village At Meridian, a 700,000+ square foot shopping center anchored by SEPHORA and features many national/credit tenants including H&M, Urban Outfitters, Athleta, and many more
• The asset is located in a primary retail corridor with many nearby national/credit tenants, including Goodwill, In-N-Out Burger, Walmart, Chick-fil-A, PetCo, Michael’s, Lulu Lemon, and many more
• Strong tenant synergy promotes crossover shopping to the subject property