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Dutch Bros Coffee, Albuquerque, NM

Dutch Bros Coffee

Albuquerque, New Mexico 87121

Price $2,480,000
Cap Rate 4.65%
NOI $115,300
Lease Term 15 Years
Lease Type Absolute NNN lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 858 SF
Lot Size 0.57 Acres (24,690 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN lease with four (4) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation
» Requires zero landlord management, ideal for an out-of-area investor
» Dutch Bros is the country’s largest privately held drive-thru coffee chain, with planned
growth of adding more than 500 stores by 2023

HIGH-TRAFFIC, HARD-CORNER LOCATION IN LARGE AND GROWING AREA
» High-traffic location at the signalized four-way intersection of State Route 45/Coors Boulevard Northwest and Fortuna Road Northwest (60,028 AADT), significantly increasing traffic to the site
» Beneficial proximity to highly trafficked thoroughfares, including Interstate 40 (165,700 AADT)
» Population of 220,260 within a five-mile radius of the site, providing an extremely large customer base for the property
» Projected nine percent average annual household income increase within a five-mile radius of the site in the next five years, poising Dutch Bros Coffee and Albuquerque for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to highly attended schools, including West Mesa High School, Lavaland Elementary School, and John Adams Middle School (combined 2,794 students)
» Four miles from Downtown Albuquerque, the central hub of the most populous city in New Mexico (population 559,374)
» Surrounded by high-density single family housing developments and large apartment and townhouse complexes
» Adjacent to an industrial corridor with major companies such as FedEx, Coca-Cola and Pepsi Bottling Group
» Facebook completing 2.8M SF Data Center and Amazon opening new 442k SF Fulfillment Center, creating hundreds of new jobs

NEW 2020 CONSTRUCTION
» 2020 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts



Property Description

The property is conveniently located at the signalized, four-way intersection of State Route 45/Coors Boulevard Northwest and Fortuna Road Northwest (60,028 AADT), significantly increasing traffic to the site. The location is strategically placed near highly trafficked New Mexico thoroughfares, including Interstate 40 (165,700 AADT). The site is also located in a densely populated area, with a population of 220,260 within a five-mile radius of the site. With a projected nine percent average annual household income increase within a five-mile radius of the site in the next five years, Dutch Bros Coffee and New Mexico are poised for concurrent growth.

Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The location is surrounded by many major national retailers, including Walmart Supercenter, Big Lots, The Home Depot, Dollar Tree, McDonald’s, Burger King, and many others. The site maintains a beneficial proximity to highly attended schools, including West Mesa High School, Lavaland Elementary School, and John Adams Middle School, which feature a combined 2,794 students. The property also resides four miles from Downtown Albuquerque, the central hub of the most populous city in New Mexico (population 559,374) and is surrounded by high-density single family housing developments and large apartment and townhouse complexes.

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