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Dutch Bros | 12+yrs Remain Corp Abs NNN 1760 N Broadway 862 SF Retail Building Santa Maria, CA 93454 $4,048,168 CAD ($4,696.25 CAD/SF) 4.31% Cap Rate

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INVESTMENT HIGHLIGHTS

Over 10-Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Latest Prototype
Central California Real Estate | Santa Barbara Wine Country | California’s Famous Central Coast | High Barriers to Entry
Dense Retail Corridor | Hospitality Cluster

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along N Broadway | U.S. Highway 101 | Dual Drive-Thru | Excellent Visibility & Access
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

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, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Santa Maria, California. The tenant currently has over 10 years left on their initial term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to acquire Central California real estate within a dense, infill trade area with high barriers for new development.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

862 SF

Building Class

Year Built

2020

Price

$4,048,168 CAD

Price Per SF

$4,696.25 CAD

Cap Rate

4.31%

NOI

$174,490 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Lot Size

0.92 AC

Opportunity Zone

Yes

Zoning

C2 - General Commercial District

Parking

10 Spaces (11.6 Spaces per 1,000 SF Leased)

Freeway Visibility

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what they do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. They believe Dutch Bros is more than just the products they serve—they are dedicated to making a massive difference in the lives of their employees, customers and communities. This combination of hand-crafted and high-quality beverages, their unique drive-thru experience and their community-driven, people-first culture has allowed them to successfully open new shops and continue to share the “Dutch Luv”.