Woodway, TX - Dutch Bros

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Dutch Bros
Coffee investment property located in Woodway, Texas. The tenant, Dutch Bros Coffee, has over 11 years remaining on the initial term 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 Dutch Bros benefits from being located along Estate Drive with excellent frontage visibility and access to approximately 28,600 vehicles per day. The site also allows for convenient access to U.S. Route 84, which sees an average of 52,700 vehicles per day. U.S. Route 84 is the major retail thoroughfare serving the city of Woodway. The Dutch Bros is 2 miles away from Richland Mall, a major regional shopping destination anchored by Dillard’s and Dick’s Sporting Goods that also features national/credit tenants including H&M, Bath & Body Works, Victoria’s Secret, Chick-fil-A, Olive Garden, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including H-E-B Plus, Walmart Supercenter, Pet Supplies Plus, The Home Depot, Starbucks, and more, further increasing consumer traffic to the site. The subject property is in close proximity to Ascension Providence Hospital (271 beds), one of McLennan County’s largest employers. The 5-mile trade area is supported by a population of over 93,000 and 61,000 employees, with an average household income of $100,620.

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Listing ID: a28TP000002KNSLYA4