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Dutch Bros 4801 E US Highway 83

950 SF Retail Building Rio Grande City, TX 78582 $2,310,476 CAD ($2,432 CAD/SF) 5.75% Cap Rate

Investment Highlights

  • New 15-year corporate absolute NNN lease with 10% rental increases every five years
  • Dutch Bros (NYSE: “BROS”) went public in 2021 – valued at $4.88B as of February 2024
  • In 2023, Dutch Bros opened 159 new shops across 13 states and reported a 30.7% growth of total revenues to $965.8M (compared to $739M in 2022)
  • Three (3) five (5) year option periods and one four (4) year and eleven (11) month option period, providing a passive long-term income generator
  • Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count with 879 locations acro
  • Dutch Bros is located on U.S. Highway 83, a major retail thoroughfare in Rio Grande City, with access to nearly 55,000 AADT directly in front of the s

Executive Summary

Excellent Location: This Dutch Bros is located on U.S. Highway 83, a major retail thoroughfare in Rio Grande City, with access to more than 54,000 AADT directly in front of the site
Surrounded By Major Traffic Drivers: The site is surrounded by major national retailers such as Walmart, AMC, Starbucks, Chick-fil-A, Whataburger, Jack in the Box, KFC, Chili’s, Denny’s, McDonald’s and many others
Beneficial Proximity to Retail Centers: Ideal location with proximity to multiple shopping centers anchored by major retail tenants such as Walmart, Tractor Supply Co, Marshall’s, H-E-B Plus!, and several others
Stable Customer Base: 25,951 residents live within 5-miles of the site, creating a stable customer base for the site
Growing Demographics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Rio Grande City for steady concurrent growth
Beneficial Proximity to Residential Developments: Close proximity to dense residential developments in both Rio Grand City and Las Lomas, positioning Dutch Bros to capture customers from both markets
Central Location Near U.S.-Mexico Border: Less than two miles from the Mexican border (with direct access to the U.S. via the Rio Grande City–Camargo International Bridge) and less than six miles from the Camargo municipality in the Mexican state of Tamaulipas

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
950 SF
Building Class
B
Year Built
2024
Price
$2,310,476 CAD
Price Per SF
$2,432 CAD
Cap Rate
5.75%
NOI
$132,824 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.80 AC
Parking
9 Spaces
Frontage
93 ft on East 2nd Street

Amenities

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13650-00000-00200-000000
Land Assessment
$218,154 CAD
Improvements Assessment
$0 CAD
Total Assessment
$218,154 CAD
  • Listing ID: 31153174

  • Date on Market: 2024-03-07

  • Last Updated:

  • Address: 4801 E US Highway 83, Rio Grande City, TX 78582

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