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Dutch Bros | Greenville MSA | Corporate Lease 203 S Main St 950 SF 4-Star Retail Building Mauldin, SC 29662 $3,930,213 CAD ($4,137.07 CAD/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW CONSTRUCTION: October 2025 project ground-breaking with completion scheduled for Q1 2026
- RENTAL UPSIDE: 10% rent bumps every 5 years including option periods
- HIGH TRAFFIC CORRIDOR: Traffic Counts of 47,600+ VPD directly in front of the property
- LONG-TERM NET LEASE: 15-year absolute NNN lease with 3 renewal options of 5 years each and ZERO landlord responsibility
- CREDIT TENANT / CORPORATE GUARANTY: Dutch Bros, Inc. (NYSE: BROS) reported total revenues of $1.28B in 2024 with a 2025 projection of $1.6B
- AFFLUENT DEMOS: $122,700 average HH income and $88,200 median HH income within a 5-mile radius
EXECUTIVE SUMMARY
Trinity Partners is proud to serve as exclusive advisor to ownership and offer the marketplace this net lease retail investment opportunity in the Greenville SC MSA. Dutch Bros is a rapidly expanding leader in the drive-thru beverage sector with over 1,000 locations across the U.S. and is projected to hit 2,000 stores in the next 5 years. (“Property”)
The Property is currently being developed along one of the highest traffic corridors in the Upstate (47,600+ VPD) at a high-profile signalized intersection. The site includes a 950 SF building with double drive-thru lanes, 10 total parking spaces, and multiple access points. The 15-year NNN lease commences in Q1 2026, features a corporate guaranty, 10% rent bumps every 5 years, multiple 5-year renewal options, and ZERO landlord responsibilities.
The Property is located a few minutes off I-85 and I-385, 15 minutes from Greenville-Spartanburg International Airport, and 20 minutes from downtown Greenville. Mauldin is consistently ranked among the fastest-growing cities in South Carolina, benefiting from its position within the Upstate and the region’s robust economic expansion.
The Property is currently being developed along one of the highest traffic corridors in the Upstate (47,600+ VPD) at a high-profile signalized intersection. The site includes a 950 SF building with double drive-thru lanes, 10 total parking spaces, and multiple access points. The 15-year NNN lease commences in Q1 2026, features a corporate guaranty, 10% rent bumps every 5 years, multiple 5-year renewal options, and ZERO landlord responsibilities.
The Property is located a few minutes off I-85 and I-385, 15 minutes from Greenville-Spartanburg International Airport, and 20 minutes from downtown Greenville. Mauldin is consistently ranked among the fastest-growing cities in South Carolina, benefiting from its position within the Upstate and the region’s robust economic expansion.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$3,930,213 CAD
Price Per SF
$4,137.07 CAD
Cap Rate
5.15%
NOI
$202,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.58 AC
Zoning
C-2 - Highway Commercial
Parking
10 Spaces (10.53 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dutch Bros
- Retailer
- 950 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dutch Bros | Retailer | 950 SF | - | Triple Net | - |
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Dutch Bros | Greenville MSA | Corporate Lease | 203 S Main St
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