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Dutch Bros Coffee, Round Rock, TX

Dutch Bros Coffee

Round Rock, TX

Price $3,125,000
Cap Rate 4.00%
NOI $125,000
Lease Term 15 Years
Lease Type Absolute NNN, 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 2022
Building Size 862 SF
Lot Size Contact For Details
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 TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease to strong and growing retail tenant
» 10% rental increases every five years, providing a hedge against inflation
» Dutch Bros recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51 percent through the first six (6) months of 2021 after a record performance in 2020

LOCATED IN LARGE AND GROWING TEXAS CORRIDOR
» Located along Interstate 35 (127,269 AADT), with freeway visibility
» Beneficial proximity to University Boulevard (34,117 AADT)
» Average annual household income of $115,535 within five miles
» Population of 183,634 within a five-mile radius of the site (42 percent growth since 2010), providing a consistent customer base for the property

PROXIMITY TO LARGE RETAIL CENTERS AND COMMUNITY HUBS
» Shadow-anchored by University Oaks Shopping Center (236,000 SF, 37 stores), significantly increasing traffic to the site
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, IKEA, Target, Chick-fil-A, McDonald’s, Starbucks, and many more
» Three-minute drive from Round Rock Premium Outlets (430,000 SF, 125 stores), one of Round Rock’s largest retail centers
» Surrounded by high-density single family housing developments and large apartment complexes
» One mile from Baylor Scott & White Medical Center – Round Rock (101 beds, 750 employees)
» Two miles from Amazon Distribution Center (200+ employees)

NEW 2022 CONSTRUCTION IN INCOME TAX FREE STATE
» 2022 construction featuring a dedicated dual-lane drive-thru and outdoor patio, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Drive-thru designed to accommodate 21 cars
» Texas has no state income tax, estate tax, or inheritance tax



Property Description

This Dutch Bros is conveniently located along Interstate 35 (127,269 AADT). The site maintains close proximity to University Boulevard (34,117 AADT), significantly increasing traffic in the immediate area. The property is situated in a growing community with an average annual household income of $115,535 within five miles, which is projected to increase nine percent by 2026. The location is supported by a consistent customer base, with a population of 183,634 within a five-mile radius of the site (42 percent increase since 2010).

Visibility to the property is increased by the site’s central location near large retail centers and community hubs. The site is shadow-anchored by University Oaks Shopping Center (236,000 SF, 37 stores), significantly increasing traffic in the area. The property is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, IKEA, Target, Chick-fil-A, McDonald’s, Starbucks, and many more. The location is one mile from Baylor Scott & White Medical Center – Round Rock (101 beds, 750 employees) and a three-minute drive from Round Rock Premium Outlets, one of Round Rock’s largest retail centers (430,000 SF, 125 stores). Additionally, the property is near many high-density single family housing developments and apartment complexes, a strong traffic driver for the property.

Contact Us About This Property

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