Dutch Bros. Coffee | 23140 Hemlock Ave
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Dutch Bros. Coffee 23140 Hemlock Ave
950 SF Retail Building Moreno Valley, CA 92557 $3,860,061 CAD ($4,063 CAD/SF) 4.55% Cap Rate
Investment Highlights
- New Single-Tenant Dutch Bros Coffee Drive-Thru (NYSE: BROS): New 15-year absolute NNN corporate ground lease
- Strong Demographics; 3 Miles North of March Air Force Base: Supported by a growing customer base, drawing from over 126,000 ppl within a 3-mile radius
- Moreno Valley is Home to Fortune 500 and International Companies: Ross Dress For Less (3.5 million SF), Harbor Freight Tools (3 million SF), etc
- Proximity to 2 Major Freeways: Located at the off-ramp to the 60 Freeway (147,000 CPD) & 2 miles east of the on-ramp to the 215 (Escondido) Freeway
- Strong daytime population from March Air Force Base, the largest employer in the area; full-time workforce exceeding 8,000
- High-Growth, Inland Empire Location: Moreno Valley is the 2nd largest city in Riverside County and one of the fastest-growing cities in the region
Executive Summary
New 15-Year Absolute NNN Corporate Ground Lease | 10% Increases Every 5 Years | Dominant Retail Corridor
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
950 SF
Building Class
B
Year Built
2024
Price
$3,860,061 CAD
Price Per SF
$4,063 CAD
Cap Rate
4.55%
NOI
$175,585 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.69 AC
Zoning
CC - Commercial
Parking
13 Spaces (13.68 Spaces per 1,000 SF Leased)
Frontage
114 ft on Hemlock Ave
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 292-280-032 | Improvements Assessment | $224,657 CAD |
| Land Assessment | $1,198,179 CAD | Total Assessment | $1,422,836 CAD |
PROPERTY TAXES
Parcel Number
292-280-032
Land Assessment
$1,198,179 CAD
Improvements Assessment
$224,657 CAD
Total Assessment
$1,422,836 CAD
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Bill Asher -
Jeff Lefko -
Hanley Investment Group
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Dutch Bros. Coffee | 23140 Hemlock Ave
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