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Investment Highlights

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Strong Kingsport Retail Corridor | Frontage to 33,140 VPD
  • Major Healthcare and Community Drivers Nearby
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outparcel to Major Retail Hub | National Tenancy
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Kingsport, Tennessee. The tenant, Dutch Bros, recently signed a brand-new, 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Medical
Building Size
950 SF
Building Class
C
Year Built
2026
Price
$4,162,761 CAD
Price Per SF
$4,381.85 CAD
Cap Rate
5.40%
NOI
$224,756 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
950 SF
Building FAR
0.01
Lot Size
2.88 AC
Zoning
B-3
Parking
17 Spaces (17.89 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Dutch Bros is a publicly held drive-thru beverage company founded in 1992 in Grants Pass, Oregon by brothers Dane and Travis Boersma. The business began with a single espresso cart and gradually expanded its offerings to include coffee, teas, lemonades, smoothies, and proprietary energy drinks. Over time, the company developed its own roasting operations and broadened its footprint across multiple states through a mix of company-operated and franchise locations. Dutch Bros has incorporated community-focused initiatives into its operations, developing recurring giveback programs and supporting various causes through its foundation. The company has continued to streamline its organizational structure as it grows, transitioning significant corporate support operations to Tempe, Arizona. Dutch Bros trades on the New York Stock Exchange under the ticker symbol BROS, reflecting its position as a publicly listed enterprise. The company’s historical development includes notable milestones such as the introduction of a branded energy drink line and the establishment of programs that support both local communities and charitable causes.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
046L-A-013.00
Land Assessment
$44,849 CAD
Improvements Assessment
$0 CAD
Total Assessment
$44,849 CAD
  • Listing ID: 40320272

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 1501 E Stone Dr, Kingsport, TN 37660

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