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Dutch Bros, Killeen, TX

Dutch Bros

Killeen, Texas

Price $2,556,000
Cap Rate 4.50%
NOI $115,000
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 0.67 Acres (29,259 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN CORPORATE LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year NNN lease with three (3) five (5) year options, creating a stable, long-term investment (corporate guaranty)
» 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 planned growth of adding more than 500 stores by 2023
» Second Dutch Bros in all of Texas

OUTPARCEL TO NEW H-E-B GROCER WITH HIGH TRAFFIC COUNTS
» Excellent location fronting a new H-E-B Grocery with visibility at signalized access to 29,940 vehicles per day directly in front of the site on West Stan Schlueter Loop
» Immediate access to U.S. Route 195/South Fort Hood Street, which experiences a traffic count of 28,474 vehicles per day near the property
» 163,562 residents live within a five-mile radius
» Killeen–Temple–Fort Hood MSA is one of the fastest growing metro areas in Texas

CENTRAL LOCATION NEAR FORT HOOD AND TEXAS A&M UNIVERSITY
» Fort Hood is one of the largest military installations in the world, with 35,611 active duty soldiers and 4,895 civilian employees
» Fort Hood is a major economic driver, contributing $35.4 billion annually to the state’s economy
» Texas A&M University–Central Texas (TAMU-CT) is designed to accommodate over 15,000 students
» TAMU-CT has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood and is expected to have a total annual economic impact on the region of between $65 million and $129 million

NEW 2021 CONSTRUCTION IN INCOME TAX FREE STATE
» 2021 construction featuring a dedicated double drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Texas has no State Income Tax, Estate Tax, or Inheritance Tax



Property Description

The property is located on West Stan Schlueter Loop, with excellent visibility and convenient, signalized access to 29,940 vehicles per day directly in front of the location. The site serves an extremely large demographic, with 163,562 residents living within a five-mile radius of the location. The property benefits from immediate access to Highway 195/South Fort Hood Street, which experiencing a traffic count of 28,474 vehicles per day near the property. The site is close to several large shopping centers and notable retailers. Major national tenants located along West Stan Schlueter Loop include Walmart Supercenter, H-E-B, CVS, McDonald’s, Dollar Tree, Taco Bell, Starbucks, AutoZone, Family Dollar, and more. The property is also just minutes from Killeen Mall, which is visited by over eight million people annually.

The property is centrally located between the main entrance to Fort Hood and the Texas A&M University Central Texas (TAMU-CT) campus. Fort Hood is one of the largest military installations in the world. As the largest employer in the Killeen region and the largest single site employer in Texas, the base has 35,611 active duty soldiers and 4,895 civilian employees. Fort Hood is a major economic driver, contributing $35.4 billion annually to the state’s economy. TAMU-CT is one of the newest members of the Texas A&M University System. Located on a 662-acre campus, the university is designed to accommodate over 15,000 students. Campus development includes 19 academic buildings, 1,800 beds of student housing, a 30,000-seat football stadium, a 10,000-seat baseball field, an 8,000-seat indoor arena, parking for 6,000 cars, and much more. The university, which has been dubbed the second largest economic development to occur in the region only behind the establishment of Fort Hood, is expected to have a total annual economic impact on the region of between $65 million and $129 million.

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