New Dutch Bros Coffee | Main Retail Corridor | Montgomery Msa | Stock Up 55% Ytd! | FOR SALE

Highlights:

• Dutch Bros Stock Up 55% YTD! (NYSE: BROS)
• 15 Absolute NNN lease | Zero landlord responsibility
• Praville shopping center | 176,549 sf recently redeveloped
• Signalized corner location | 37,727 ADTC
• 10% rental rate increases every 5 years
• Three (5 year) options to renew with 10% increase at each
• 5 mile population 50,071 | Expected 3.47% growth
• 1 mile average household income $79,409
• Across from Aldi & Walmart Supercenter (Ranked #20 for foot traffic among all Walmarts in the state)
• Within 2 miles of Baptist Hospital | The premier Medical Center in the City

Description:

Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Prattville, Alabama. It is part of the 176,549 SF Prattville Shopping Center located at the crossroads of a major signalized intersection. The center is convenient to several large and well-established single family and multi-family communities and within 2 miles of Baptist Hospital, the premier medical center in the city! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The store has completed construction and successfully opened for business in December 2024!

This Dutch Bros. benefits from being surrounded by national tenants in a huge retail hub including across the street from Aldi & Walmart. The shopping center is located on signalized corner seeing 37,727 cars per day. The site has easy and quick access to both Highway 31 (24,662 ADTC) & I-65 (63,643 ADTC). The 5 mile population from the site is 50,071. The 1 mile household income is $79,409. This area is also seeing steady population growth. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.60% cap rate based on NOI of $154,320.

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