Collierville, TN - 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, corporate guaranteed, Dutch Bros Coffee investment property located in Collierville, Tennessee. The tenant, BB Holdings TN, LLC recently signed a brand new 15 year lease with 3 (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, 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 W Poplar Ave, which averages 43,980 vehicles passing by daily and is the major retail thoroughfare serving the city of Collierville. 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. In addition, the site is located just down the road from Collierville Marketplace, a 192,000 square foot shopping center with major tenants including The Home Depot, Office Depot, PetSmart, and more. Furthermore, the asset is positioned east of Gallina Centro, a 312,000 square foot power center anchored by Kohl’s, Kroger, HomeGoods, and more. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Target, LA Fitness, Hobby Lobby, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 79,400 with an affluent average household income of $182,337.