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500 E Broadway Blvd 950 SF Retail Building Jefferson City, TN 37760 $4,006,970 CAD ($4,217.86 CAD/SF) 5.35% Cap Rate

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Investment Highlights

Brand new 15-year lease with 3 (5-year) option periods and 10% rent increases every 5 years
Actively developing retail corridor anchored by a strong mix of national tenants, including Walmart Supercenter, Lowe’s, Big Lots, and more
Located just 4 minutes from Carson-Newman University | Over 2,700 enrolled students

Corporate Guaranty – Dutch Bros has 1000+ locations with a market cap of approximately $10 billion (NYSE: BROS)
Notable recent developments including Arby’s, Tidal Spa, and City Point Center
Site directly adjacent soon to be developed to class A reatil, along with a new ORNL Federal Credit Union being built across the street

Executive Summary

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, corporate guaranteed, Dutch Bros investment property located in Jefferson City, TN. The tenant, BB Holdings TN, LLC, recently signed a brand new 15-year lease with 3 (5-year) option periods, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by Boersma Bros, LLC and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment property for a passive investor. The recently opened asset features a state-of-the-art design constructed with the highest-quality materials available.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

950 SF

Building Class

Year Built

2025

Price

$4,006,970 CAD

Price Per SF

$4,217.86 CAD

Cap Rate

5.35%

NOI

$214,348 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.03

Lot Size

0.69 AC

Zoning

B-3 - Highway Business District

Parking

10 Spaces (10.53 Spaces per 1,000 SF Leased)

Frontage

84’ on East Broadway Boulevard

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
-
Jan 0000

Dutch Bros is a publicly held drive-thru beverage company founded in 1992 in Grants Pass, Oregon by brothers Dane and Travis Boersma. The business began with a single espresso cart and gradually expanded its offerings to include coffee, teas, lemonades, smoothies, and proprietary energy drinks. Over time, the company developed its own roasting operations and broadened its footprint across multiple states through a mix of company-operated and franchise locations. Dutch Bros has incorporated community-focused initiatives into its operations, developing recurring giveback programs and supporting various causes through its foundation. The company has continued to streamline its organizational structure as it grows, transitioning significant corporate support operations to Tempe, Arizona. Dutch Bros trades on the New York Stock Exchange under the ticker symbol BROS, reflecting its position as a publicly listed enterprise. The company’s historical development includes notable milestones such as the introduction of a branded energy drink line and the establishment of programs that support both local communities and charitable causes.