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

x

Dutch Bros Ground Lease, Lancaster , CA

Dutch Bros Ground Lease

Lancaster, CA

Price $2,360,000
Cap Rate 3.75%
NOI $88,500
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2021
Building Size 950 SF
Lot Size 1.57 Acres (68,389 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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 GROUND 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 recently went public valued at over $3.8 billion (NYSE: “BROS”)
» Dutch Bros sales are up 51% through the first six (6) months of 2021 after a record performance in 2020

HIGH-TRAFFIC LOCATION IN DENSLY POPULATED AND GROWING AREA
» Located just off the signalized hard corner of 20th Street E and East Avenue J, with excellent visibility and access to 30,760 vehicles per day at the intersection
» 120,985 residents within a five-mile radius of the property
» Central location in an affluent area, with an average household income of $67,256 within a one-mile radius of the site
» Projected 20 percent AAHI increase within one mile of the site in the next five years, poising Dutch Bros and the Lancaster location for significant concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Central location near Antelope Valley High School, Lancaster Baptist School and Columbia Elementary School (combined 2,887 students), increasing lunch-time traffic to the site
» Surrounded by high-density single-family housing developments
» Surrounded by major national retailers including Walmart, Stater Bros., Aldi, Bank of America, Wells Fargo, McDonald’s, Taco Bell, Del Taco, Jack in the Box and many others

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



Property Description

The property is strategically located just off the signalized hard corner of 20th Street E and East Avenue J with 30,760 vehicles per day at the intersection. The subject property is located next to a brand new Aldi and just cross from a Walmart and a Stater Bros. anchored shopping center promoting crossover shopping. The surrounding area is affluent and densely populated with 120,985 residents and an average household income over $64,000 within five miles of the property. The immediate area is poised for strong growth, with a projected average household income increase of over 20 percent over the next five years within one mile of the property.

The subject property is centrally located in a growing retail corridor in a brand new development with Aldi and El Pollo Loco among the tenants. The surrounding area is being rapidly developed with many high-density single family housing developments under construction. There are many schools within a two mile radius including Antelope Valley High School, Lancaster Baptist School and Columbia Elementary School with a combined 2,887 students. Lancaster is just 70 miles from downtown Los Angeles, the second largest city in the United States behind only New York City.

Contact Us About This Property

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