Dutch Bros Coffee - NNN Corp. Lease | 22022 Meridian East
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Dutch Bros Coffee - NNN Corp. Lease 22022 Meridian East
858 SF 100% Leased Retail Building Graham, WA 98338 $3,002,181 CAD ($3,499 CAD/SF) 5% Cap Rate
Investment Highlights
- Proven Long Term Absolute NNN Corp. Lease by Dutch Bros (NYSE: BROS) - 11+ Years Left
- Best in Class Drive thru Only Brand - Fastest Growing Coffee Chain in the Country - 950+ Stores
- Rare State of Washington NNN Asset - Path of Growth for Seattle/Tacoma MSA - Affluent Suburb
- High Profile Signalized Corner - Shadow Anchored by Safeway Grocery/Learning Experience
- 10% Rent Bumps every 5 Yrs. including all Options - Double Drivethru PAD - Depreciable Asset
- Tax Free State - Surrounded by New Retail (O’Reilly’s/Popeyes/Burger King) - Dense Residential
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a Dutch Bros Coffee in Graham, WA. The Absolute NNN corporate guaranteed lease has over 11.3 years remaining in the primary term with three 5-year option periods. The rapidly growing and publicly traded drivethru coffee chain currently operates over 950 locations across 18 states with 160+ locations to be opened in 2025. With 10% rent increases every 5 years and no landlord responsibilities this asset is ideal for an investor seeking long term passive cash flows. Located within the Seattle MSA (Population: 3.5 million), the 858 SF building with double drive-thru’s is positioned along Meridian E which sees over 22,400 VPD. Nearby retailers include Safeway, Walgreens, Ace Hardware, Dollar Tree, AutoZone, O’Reilly Auto Parts, Starbucks, Jack in the Box, Popeyes and Burger King.
This is a great opportunity to acquire an absolute triple net leased asset in the Seattle area on a long-term lease with rent increases, zero landlord responsibilities, and strong tenant credit growth potential providing inflation resistant income for years to come.
This is a great opportunity to acquire an absolute triple net leased asset in the Seattle area on a long-term lease with rent increases, zero landlord responsibilities, and strong tenant credit growth potential providing inflation resistant income for years to come.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
858 SF
Building Class
B
Year Built
2020
Price
$3,002,181 CAD
Price Per SF
$3,499 CAD
Cap Rate
5%
NOI
$150,109 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
0.50 AC
Zoning
Rural 10
Parking
23 Spaces (10 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 901049-0020 | Improvements Assessment | $655,227 CAD |
Land Assessment | $728,938 CAD | Total Assessment | $1,384,164 CAD |
PROPERTY TAXES
Parcel Number
901049-0020
Land Assessment
$728,938 CAD
Improvements Assessment
$655,227 CAD
Total Assessment
$1,384,164 CAD
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Dutch Bros Coffee - NNN Corp. Lease | 22022 Meridian East
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