New Dutch Bros Coffee Drive-Thru
$2,695,000
US Highway 280, Phenix City, AL 36867
5.71
Cap Rate
154,000
NOI
Details:
Highlights:
- 15 Absolute NNN Lease | Zero Landlord Responsibility
- Part of Phenix Corners Shopping Center
- Excellent Visibility Seeing 38,449 Cars Per Day
- 10% Rental Rate Increases Every 5 Years
- Three (5 Year) Options to Renew with 10% Increase at Each
- 5 Mile Population 103,887
- 1 Mile Average Household Income $59,445
- 5 Mile Consumer Spending is $1 Billion!
- Corporate Guaranty
- Located in a Retail Hub with Major Tenants Surrounding
Description:
Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Phenix City, Alabama - part of the Phenix Corners shopping center! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The store is currently under construction with opening & rent start tracked for January 2026.
This Dutch Bros is located in a retail hub on a main highway seeing 38,449 cars per day. It is an outlot in the Phenix Corners shopping center featuring Slim Chicken's, Taco Bell, Firehouse Subs, Shoe Show, FreeUp Storage and many others. Directly across the street sits a Tractor Supply Company/Dollar Tree anchored shopping center. The 5 mile population from the site is 103,887. The 1 mile household income is $59,445. The 5 mile consumer spending is $1 Billion! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.71% cap rate based on NOI of $154,000.
Documents:
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| Offering Memorandum |
Location
Gallery
