Paducah, 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 Paducah, 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 Interstate 24 and I-24 Bus./Hinkelville Rd which combine to average 63,890 vehicles passing by daily. I-24 Bus./Hinkelville Rd is the major retail thoroughfare serving the city of Paducah. The subject property is in close proximity to Kentucky Oaks Mall, which ranks in the 91st percentile nationwide and first in Kentucky for annual visits per placer.ai, with major tenants including DICK’S, Dillard’s, JCPenney, Ross, Best Buy, and more. In addition, Dutch Bros is also across from Paducah Center, a PetSmart and T.J. Maxx anchored center with other tenants including Dollar Tree, Mattress Firm, IHOP, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Academy, Lowe’s, Hobby Lobby, Texas Roadhouse, Chick-fil-A, Panera, McDonald’s, and more, further increasing consumer traffic to the site. The immediate trade area is supported by a population of over 45,100 residents and 34,400 employees with an average household income of $134,473 within 1 mile.

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Listing ID: a28TP000002AsVpYAK