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Dutch Bros - Orlando (Eustis) FL 2880 S Bay St 950 SF Retail Building Eustis, FL 32726 $4,289,768 CAD ($4,515.55 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2025 Construction
- Fronting South Bay Street (24,000 VPD) | Lake Hills Plaza Outparcel | Dense Retail Corridor | Surrounding Big Box Retailers
- Strong Demographics Immediate Trade Area | Orlando MSA
- Absolute NNN | Zero Landlord Responsibilities | No State Income Tax
- Off The Exit Of U.S. Highway 441 (53,500 VPD) | Woodland Center | $100 Million Downtown Eustis Redevelopment Plan
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
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
• 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
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2025
Price
$4,289,768 CAD
Price Per SF
$4,515.55 CAD
Cap Rate
5.50%
NOI
$235,937 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.52 AC
Zoning
GC - General Commercial
Parking
10 Spaces (10.53 Spaces per 1,000 SF Leased)
Frontage
137’ on South Bay Street
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-19-26-0002-000-01402 | Improvements Assessment | $214,762 CAD |
| Land Assessment | $702,230 CAD | Total Assessment | $916,992 CAD |
Property Taxes
Parcel Number
23-19-26-0002-000-01402
Land Assessment
$702,230 CAD
Improvements Assessment
$214,762 CAD
Total Assessment
$916,992 CAD
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Dutch Bros - Orlando (Eustis) FL | 2880 S Bay St
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