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Dutch Bros - Titusville FL 4530 Hickory Hill Blvd 986 SF Retail Building Titusville, FL 32780 $4,564,480 CAD ($4,629.29 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | Established Tenant | 2026 Construction
- Signalized, Hard Corner Intersection | Fronting Cheney Highway (28,500 VPD) | Dense Trade Area | Surrounding Retailers | New Development | Drive-Thru
- Absolute NNN | Zero Landlord Responsibilities | No State Income Tax
- 5 Mile Demographics and Employee Base | Affluent 1-Mile Radius
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 1,080 locations throughout 24 states and a long-term goal of hitting 4,000+ stores
• 2026 construction which features high quality materials, distinct design elements, and high-level finishes
• This Dutch Bros is on an oversized 1.69 acre parcel which allows for long-term viability in the underlying real estate and future redevelopment potential
• 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 1,080 locations throughout 24 states and a long-term goal of hitting 4,000+ stores
• 2026 construction which features high quality materials, distinct design elements, and high-level finishes
• This Dutch Bros is on an oversized 1.69 acre parcel which allows for long-term viability in the underlying real estate and future redevelopment potential
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
986 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,564,480 CAD
Price Per SF
$4,629.29 CAD
Cap Rate
5.25%
NOI
$239,587 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.69 AC
Parking
13 Spaces (13.18 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-35-20-AV-00000.0-0121.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $33,542 CAD |
Property Taxes
Parcel Number
22-35-20-AV-00000.0-0121.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,542 CAD
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Dutch Bros - Titusville FL | 4530 Hickory Hill Blvd
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