A new construction Dutch Bros located in St George, Utah. The 15-year absolute NNN lease features 10% increases in the base term and options, and zero Landlord maintenance and expense responsibilities. The rent commencement date is May 21, 2020.
The property is located within the primary retail node serving northwestern St. George and Santa Clara. Nearby retailers include Albertsons, The Home Depot, Lin’s Market and Walgreens. Snow Canyon Middle School and Snow Canyon High School are both located approximately one half mile from the property. St. George is the county seat of Washington County, Utah. It is considered an extension of the Las Vegas market (122 miles), as the corridor between Las Vegas and St. George is rapidly filling in with housing, retail and commercial development.
According to Forbes Magazine (2019), St. George, Utah, ranked #1 in Job Growth in the USA, and #42 in Best Small Places for Businesses and Careers. The U.S. Bureau of Labor Statistics reported that the 2019 unemployment rate in St. George dropped from 3.6% to 2.4% (well below the national average of 3.6%). Population growth is up 4-5.6%, and the vacancy rate for retail space is a modest 2.58%.
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 320 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.
In conjunction with
UT Licensed Broker:
Andrew T. Knight
New England Commercial