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Dutch Bros & Valvoline NNN Opportunity 124 W Hanley Ave 400 SF Retail Building Coeur d'Alene, ID 83815 $7,015,052 CAD ($17,537.63 CAD/SF) 4% Cap Rate
Investment Highlights
- Dual-tenant NNN investment with two publicly traded national brands
- Valvoline (NYSE: VVV) — 150+ year iconic brand with 2,380+ service centers nationwide
- High-visibility corner at Government Way & Hanley Ave in Coeur d'Alene, ID
- Dutch Bros (NYSE: BROS) — fastest-growing drive-thru coffee chain in the U.S. with 1,136+ locations
- Valvoline lease includes built-in 2% annual rent escalations
- Ideal for 1031 exchange buyers seeking stable, credit-backed passive income
Executive Summary
This dual-tenant net lease investment is anchored by two publicly traded, nationally recognized brands at 118 & 124 W Hanley Avenue in Coeur d'Alene, Idaho, positioned at the high-traffic intersection of Government Way and Hanley Avenue — one of the city's most established retail corridors.
Dutch Bros (NYSE: BROS) is the fastest-growing drive-thru beverage brand in the United States, with over 1,136 locations across 25 states and record annual revenue of $1.64 billion in 2025. The company is targeting 2,029 locations by 2029, with each shop averaging $2 million in annual sales and a 30% contribution margin. Dutch Bros has demonstrated strong commitment to this site through multiple lease renewals.
Valvoline (NYSE: VVV) is one of America's most trusted automotive service brands, backed by more than 150 years of brand heritage and a growing network of over 2,380 service centers nationwide. Valvoline's 15-minute, stay-in-your-car service model drives high-frequency repeat visits and recession-resistant demand. The company continues to aggressively expand with a stated target of 3,500+ locations.
Coeur d'Alene remains one of Idaho's fastest-growing communities, benefiting from sustained population growth, a business-friendly tax environment, and proximity to the greater Spokane metropolitan area. The property is surrounded by established national retailers, restaurants, and service destinations along the Government Way corridor.
This investment is ideal for 1031 exchange buyers, private investors, and family offices seeking stable, credit-backed passive income in a premier Northwest market.
INVESTMENT HIGHLIGHTS:
List Price: $5,147,000
NOI: $205,880
Cap Rate: 4.0%
Gross Annual Revenue: $230,217
Total Annual Expenses: $24,337
NNN Lease Structure
Dutch Bros: 437 SF | Lease through 11/30/2027 | 2 options remaining
Valvoline: 1,496 SF | Lease through 11/30/2028 | 3 options remaining
Valvoline: 2% Annual Rent Escalations
Maximum Lease Potential through 2043
Lot Size: 0.61 Acres
Year Built: 2007
Zoning: C-17 (Commercial)
Parcel: C00000350050
Taxes (2025): $6,977.70
Dutch Bros (NYSE: BROS) is the fastest-growing drive-thru beverage brand in the United States, with over 1,136 locations across 25 states and record annual revenue of $1.64 billion in 2025. The company is targeting 2,029 locations by 2029, with each shop averaging $2 million in annual sales and a 30% contribution margin. Dutch Bros has demonstrated strong commitment to this site through multiple lease renewals.
Valvoline (NYSE: VVV) is one of America's most trusted automotive service brands, backed by more than 150 years of brand heritage and a growing network of over 2,380 service centers nationwide. Valvoline's 15-minute, stay-in-your-car service model drives high-frequency repeat visits and recession-resistant demand. The company continues to aggressively expand with a stated target of 3,500+ locations.
Coeur d'Alene remains one of Idaho's fastest-growing communities, benefiting from sustained population growth, a business-friendly tax environment, and proximity to the greater Spokane metropolitan area. The property is surrounded by established national retailers, restaurants, and service destinations along the Government Way corridor.
This investment is ideal for 1031 exchange buyers, private investors, and family offices seeking stable, credit-backed passive income in a premier Northwest market.
INVESTMENT HIGHLIGHTS:
List Price: $5,147,000
NOI: $205,880
Cap Rate: 4.0%
Gross Annual Revenue: $230,217
Total Annual Expenses: $24,337
NNN Lease Structure
Dutch Bros: 437 SF | Lease through 11/30/2027 | 2 options remaining
Valvoline: 1,496 SF | Lease through 11/30/2028 | 3 options remaining
Valvoline: 2% Annual Rent Escalations
Maximum Lease Potential through 2043
Lot Size: 0.61 Acres
Year Built: 2007
Zoning: C-17 (Commercial)
Parcel: C00000350050
Taxes (2025): $6,977.70
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
400 SF
Building Class
A
Year Built/Renovated
2008/2018
Price
$7,015,052 CAD
Price Per SF
$17,537.63 CAD
Cap Rate
4%
NOI
$280,602 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.61 AC
Zoning
N/Av
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
81’ on W Hanley Ave
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | C00000350050 | Improvements Assessment | $325,342 CAD |
| Land Assessment | $1,441,301 CAD | Total Assessment | $1,766,643 CAD |
Property Taxes
Parcel Number
C00000350050
Land Assessment
$1,441,301 CAD
Improvements Assessment
$325,342 CAD
Total Assessment
$1,766,643 CAD
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Dutch Bros & Valvoline NNN Opportunity | 124 W Hanley Ave
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