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New Absolute NNN 15-Year Lease 2510 Laporte Ave 2,495 SF Retail Building Valparaiso, IN 46383 $4,404,519 CAD ($1,765.34 CAD/SF) 5.40% Cap Rate

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Investment Highlights

Brand New 15-Year Absolute Triple-Net Dutch Bros | Zero Landlord Responsibilities
Significant Redevelopment of a Former Pizza Hut building | 2,495 Square Feet Versus the Average Dutch Bros (950 Square Feet)
Surrounded by Top-Ranked Shopping Centers Attracting Millions of Visitors | One Mile from the Valparaiso University Campus

Corporately Guaranteed | Dutch Bros is a Rapidly Expanding Brand with 1,081 Locations and is Projected to Grow to 2,029 Shops by 2029
Target Outlot | Part of Valparaiso Market Place Shopping Center, which Ranks in the Top 5 Percent of Shopping Centers Nationwide by Visits (Placer.ai)
Average Household Income of $115,087 within a Five-Mile Radius

Executive Summary

This offering features a brand-new 15-year absolute triple-net lease to Dutch Bros to commence May 2026, with zero landlord responsibilities. The lease provides scheduled rental increases during the option periods and includes four 5-year renewal options. It is corporately guaranteed by Boersma Bros, LLC, providing strong credit support for a rapidly expanding tenant operating 1,081 locations and projected to grow to 2,029 shops by 2029. The property is a Target outlot within Valparaiso Market Place, a top 5 percent nationally ranked shopping center attracting 5.1 million annual visitors, and is in extremely close proximity to Valparaiso University, home to approximately 2,451 undergraduate and graduate students. The site benefits from excellent visibility and access along Laporte Avenue (18,984 vehicles per day) and near State Road 49 (33,547 vehicles per day). The subject property also offers a strong competitive advantage, most Dutch Bros stores are roughly 950 square feet, this location is 2,454 square feet. The asset is positioned in an affluent and growing trade area with $115,087 average household incomes, 45,080 employees within three miles, and strong historical and projected population growth.

Dutch Bros Valparaiso CoStar Brochure