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Dutch Bros - Port St Lucie (Fort Pierce) FL 2050 S US Highway 1 950 SF Retail Building Fort Pierce, FL 34950 $4,585,336 CAD ($4,826.67 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2026 Construction
- Fronting US Highway 1 (34,000+ VPD) | Adjacent to Gateway Plaza | HCA Florida Lawnwood Hospital | Top-Performing National Retailers
- Absolute NNN | Zero Landlord Responsibilities | No State Income Tax
- Strong Demographics | Major Economic & Population Growth
Executive Summary
• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,203 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• 2026 build-to-suit construction featuring high-quality materials, distinct design elements, and high-end finishes, including Dutch Bros’ famous drive-thru prototype
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• Dutch Bros is the third largest coffee chain in the US with over 1,203 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• 2026 build-to-suit construction featuring high-quality materials, distinct design elements, and high-end finishes, including Dutch Bros’ famous drive-thru prototype
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
C
Year Built
1993
Price
$4,585,336 CAD
Price Per SF
$4,826.67 CAD
Cap Rate
5.25%
NOI
$240,730 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.49 AC
Zoning
C3 - General Commercial
Parking
11 Spaces (11.58 Spaces per 1,000 SF Leased)
Frontage
106’ on South US Highway 1
Amenities
- Corner Lot
- Signage
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-15-341-0005-0003 | Improvements Assessment | $553,456 CAD |
| Land Assessment | $419,956 CAD | Total Assessment | $973,412 CAD |
Property Taxes
Parcel Number
24-15-341-0005-0003
Land Assessment
$419,956 CAD
Improvements Assessment
$553,456 CAD
Total Assessment
$973,412 CAD
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Dutch Bros - Port St Lucie (Fort Pierce) FL | 2050 S US Highway 1
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