Radcliff, KY - 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 Radcliffe, Kentucky. The tenant, Dutch Bros, 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, 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 is located near the intersection of N Dixie Blvd and N Wilson Rd which combine to average more than 33,800 vehicles passing by daily. N Dixie Blvd
is the major retail thoroughfare serving the city of Radcliffe. The subject property is located in close proximity to a Walmart Supercenter anchored center with other national/credit tenants including Dollar Tree, Applebee’s, GameStop, Sally Beauty, and Hibbett. In addition, the asset is less than a mile from a Bomgaars and Ollie’s Bargain Outlet anchored center with other tenants including Petco, Starbucks, KFC, Rally’s, Tidal Wave Auto Spa, and more. The property is in the center of a primary retail corridor with other national/credit tenants including Planet Fitness, ALDI, McDonald’s, Taco Bell, Wendy’s, Advance Auto Parts, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 41,900 residents and 8,200 employees with an average household income of
$82,160.

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