A new construction, build-to-suit Dutch Bros located in Parker, CO. The 15-year lease features 10% increases in the base term and options; rent commenced on April 10th, 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 South Parker Avenue with excellent visibility and access to the 56,000 VPD. The subject property is a highly successful store with above average sales since opening in early April, 2020. It is surrounded by dense retail including nearby retailers: Safeway, Sprouts, Walgreens, The Home Depot, Walmart, and Super-Target. There are approximately 20,000 residents within a 3-mile radius with average household incomes over $155,000. Parker, CO, is located approximately 25 miles south of downtown Denver, CO, and the Denver International Airport. Parker is considered a commuter suburb of Denver and has seen a sharp increase in population with over a 20% increase in residents since 2010.
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:
Leuthold Commercial Properties