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Dutch Bros | Best CAP RATE in the Southeast 203 S Main St 950 SF 4-Star Retail Building Mauldin, SC 29662 $3,597,913 CAD ($3,787.28 CAD/SF) 5.65% Cap Rate



Executive Summary
NEW CONSTRUCTION: Project broke ground in October 2025 and was completed in March 2026
LONG-TERM NET LEASE: 15-year absolute NNN lease with 3 renewal options of 5 years each and ZERO landlord responsibility
RENTAL UPSIDE: 10% rent bumps every 5 years including option periods
NATIONAL BRAND: 1,200+ locations across 25 states (2,029 projected by 2029) with average unit sales volume of $2.1M
CREDIT TENANT / CORPORATE GUARANTY: Dutch Bros, Inc. (NYSE: BROS) reported total revenues of $1.64B in 2025 with a 2026 projection of $2B
RECORD 2025 RESULTS: 28% revenue growth over 2024 and 19 consecutive years of positive same-shop sales growth
HIGH TRAFFIC CORRIDOR: Traffic Counts of 47,600+ VPD directly in front of the property
STRONG TRADE AREA: Immediate trade area consists of 1.4 million SF of retail space that is 99.3% leased
DENSE RESIDENTIAL BASE: Over 58,200 households and 137,700 residents within a 5-mile radius
AFFLUENT DEMOGRAPHICS: $122,700 average HH income and $88,200 median HH income within a 5-mile radius
DYNAMIC GROWTH REGION: Anchored by Greenville, the Upstate is a 10-county region with approx. 1.67 million residents, 580 international companies, and a net migration of more than 80 people each day
LONG-TERM NET LEASE: 15-year absolute NNN lease with 3 renewal options of 5 years each and ZERO landlord responsibility
RENTAL UPSIDE: 10% rent bumps every 5 years including option periods
NATIONAL BRAND: 1,200+ locations across 25 states (2,029 projected by 2029) with average unit sales volume of $2.1M
CREDIT TENANT / CORPORATE GUARANTY: Dutch Bros, Inc. (NYSE: BROS) reported total revenues of $1.64B in 2025 with a 2026 projection of $2B
RECORD 2025 RESULTS: 28% revenue growth over 2024 and 19 consecutive years of positive same-shop sales growth
HIGH TRAFFIC CORRIDOR: Traffic Counts of 47,600+ VPD directly in front of the property
STRONG TRADE AREA: Immediate trade area consists of 1.4 million SF of retail space that is 99.3% leased
DENSE RESIDENTIAL BASE: Over 58,200 households and 137,700 residents within a 5-mile radius
AFFLUENT DEMOGRAPHICS: $122,700 average HH income and $88,200 median HH income within a 5-mile radius
DYNAMIC GROWTH REGION: Anchored by Greenville, the Upstate is a 10-county region with approx. 1.67 million residents, 580 international companies, and a net migration of more than 80 people each day
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
Price
$3,597,913 CAD
Price Per SF
$3,787.28 CAD
Cap Rate
5.65%
NOI
$203,280 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 | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 9
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Dutch Bros | Best CAP RATE in the Southeast | 203 S Main St
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