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Dutch Bros Coffee, Sierra Vista, AZ

Dutch Bros Coffee

Sierra Vista, AZ

Price $2,539,000
Cap Rate 4.25%
NOI $107,900
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 0.58 Acres (25,075 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

INCREASES TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease with three (3) 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

LOCATED IN A LARGE AND GROWING ARIZONA RETAIL CORRIDOR
» High-traffic location along Highway 90 (21,051 AADT) – main north/south arterial of Sierra Vista
» Population of 49,141 within a five-mile radius of the site, providing a large customer base for the property
» Strong five-mile average household income of $77,847 and quickly increasing

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND SCHOOLS
» Outparcel to Plaza Vista Mall (Hobby Lobby, Marshalls, and Planet Fitness anchored shopping center) and across the street from a Walmart Supercenter, Lowe’s Home Improvement, Target, and PetSmart
» Surrounded by a strong mix of local and national retailers, including Chipotle, MOD Pizza, Chili’s, Discount Tire, Jiffy Lube, Valero, CVS, Tractor Supply, and many others
» Less than one mile from Cochise College Sierra Vista Campus (5,585 students) and less than a half mile from an industrial corridor (Northup Grumman, Teleperformance USA, FedEx, Safelite, and others)
» Seven miles from Fort Huachuca (US Army installation), the largest employer in Cochise County, with approximately 8,100 active and civilian personnel

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

This Dutch Bros. Coffee is conveniently located along Highway 90, the main north/south arterial of Sierra Vista, on a high-traffic retail corridor with 21,051 vehicles per day directly in front of the site. The property is supported by a large and affluent customer base, with a population of 49,141 residents and an average household income of $77,847 within a five mile radius of the site. Visibility to the property is increased by the site’s centralized location near large employers, retailers, and community hubs. The location is surrounded by a strong mix of local and national retailers, including Chipotle, MOD Pizza, Chili’s, Discount Tire, Jiffy
Lube, Valero, CVS, Tractor Supply, and many others.

The property is also across the street from a Walmart Supercenter, Lowe’s Home Improvement, Target, and PetSmart. The site is also less than one mile from Cochise College Sierra Vista Campus (5,585 students), 1.6 miles from Buena Vista High School, and less than a half mile from an industrial corridor (Northup Grumman, Teleperformance USA, FedEx, Safelite, and others).

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