Alabaster, AL - Dutch Bros

Description:

• Tenant recently signed a brand new 15-year build to suit to lease
with 3 (5-year) options to extend, demonstrating their commitment
to the site
• Lease is corporate guaranteed by Boersma Bros LLC
• Scheduled for March 2026 grand opening
• Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation

• Positioned along US-31/1st Street N, which averages 25,600 vehicles passing by daily and is a major retail thoroughfare serving the city of Alabaster
• Situated just west of Interstate 65 (67,000 VPD), a major north/south travelling highway connecting Birmingham to Montgomery
• Located just northwest of Propst Promenade, a 725,000 square foot power center anchored by a Walmart Supercenter and more
• Positioned just south of Baptist Health Shelby Hospital, a 252 bed facility helping serve Alabaster and draw consumers into the trade area
• Located in the center of a primary retail corridor with other nearby national/credit tenants including Lowe’s, Dick’s Sporting Goods, Target, T.J. Maxx, ALDI, Dollar General, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP0000026fXBYAY