x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Dutch Bros Coffee, Albuquerque, New Mexico

Dutch Bros Coffee

NM, USA

Price $2,415,000
Cap Rate
NOI
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 2021
Building Size 862 SF
Lot Size 0.59 Acres (26,000 SF)
Status Sold
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

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

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


Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES TO STRONG RETAIL TENANT
» 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
» Absolute NNN lease 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 a goal of
adding more than 500 new sites by 2023

LOCATED IN DENSELY POPULATED AND GROWING RETAIL CORRIDOR
» High-traffic location along Juan Tabo Boulevard Northeast (33,700 AADT), significantly increasing traffic to the site
» Beneficial proximity to highly trafficked Houston thoroughfares, including Interstate 40 (131,534 AADT)
» Population of 232,119 within a five-mile radius of the site, providing an extremely large customer base for the property
» Projected eight percent average annual household income increase within a five-mile radius of the site in the next five years, poising Dutch Bros and Albuquerque for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Surrounded by a strong mix of local and national retailers, including Target, Lowe’s Home Improvement, Albertsons, Family Dollar, Office Depot, Walgreens, Taco Bell, Wendy’s, and many more
» Beneficial proximity to the University of New Mexico (27,353 students, $3.1 billion annual statewide impact)
» Gateway to 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

NEW 2021 CONSTRUCTION
» 2021 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs


Property Description

SOLD

The property is conveniently located along Juan Tabo Boulevard Northeast (33,700 AADT), significantly increasing traffic to the site. The location is also strategically placed near highly trafficked New Mexico thoroughfares, including Interstate 40 (131,534 AADT). And located in a densely populated area, with a population of 232,119 within a five-mile radius of the site. With a projected eight percent average annual household income increase within a five-mile radius of the site in the next five years, Dutch Bros 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 Target, Lowe’s Home Improvement, Albertsons, Family Dollar, Office Depot, Walgreens, Taco Bell, Wendy’s, and many others. The site maintains a beneficial proximity to the University of New Mexico, which features 27,353 students and generates $3.1 billion in annual statewide impact. The property also serves as a gateway to 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.

Contact Us About This Property

Ryan & Vince & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link