Dutch Bros

10855 US Highway 285, Conifer, CO

$2,251,684

Price

4.75%

Cap Rate

$106,955

NOI

Overview
Cap Rate
4.75%
NOI
$106,955
Building Size
824 sqft
Lot Area
0.73 acres
Occupancy
100%
Lease Type
Double Net
Year Built
2020
Tenancy
Single
Parking Spots
44
Description

A new construction, build-to-suit Dutch Bros located in Conifer, CO. The 15-year lease features 10% increases in the base term and options with rent commencement scheduled for June 5th, 2020. The lease is double net with tenant responsible for all costs related to taxes, insurance and maintenance (inclusive of HVAC).

The property is ideally located along US Highway 285, which is the main arterial through the SW foothills of Metro Denver. US 285 is the only commercial thoroughfare in Conifer and strict zoning policies make this a high barrier to entry market. Dutch Bros is a pad to Conifer Marketplace which is anchored by Staples, O’Reilly Auto Parts, and Anytime Fitness. Nearby retailers include Safeway, Wendy’s, Sonic, Qdoba, Starbucks, Subway, and Verizon. The property is located in an affluent area with household incomes exceeding $130,000 in a 3-mile radius. Conifer, located approximately 30 miles from downtown Denver, has seen strong population growth over the past 10 years as people move away from downtown Denver.

Dutch Bros Coffee is the country’s largest privately held, drive-thru coffee company. Having started as a single espresso pushcart, the company now has over 380 locations across seven western states. Dutch Bros has been recognized as having one of the strongest track records by Forbes’ annual list of best franchises. Dutch Bros Coffee has always focused more on people than the bottom line, with a desire to transform lives above all else. An example of this would be that at the onset of the COVID-19 crisis, it gave all of the store employees a $3 per hour increase in wage, and donated all April profits to medical first responders on the front lines.


In conjunction with
CO Licensed Broker:
David Leuthold
Leuthold Commercial Properties
303.871.9000

Documents

Location
Gallery