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Dutch Bros 514-516 N Belt Hwy 950 SF Retail Building Saint Joseph, MO 64506 $3,906,988 CAD ($4,112.62 CAD/SF) 5.60% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease
  • Long Term 15 Year Primary Lease
  • Market Cap of $9.1 billion
  • Brand New Construction
  • 10% increases every 5 years
  • ±2 miles from Missouri Western State University (±3,800 students)

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to present the opportunity to acquire an absolute NNN lease investment tenanted by Dutch Bros. Coffee, one of the fastest-growing drive-thru beverage brands in the United States. The property is secured by a corporate-guaranteed lease and offers investors a highly passive income stream with zero landlord responsibilities and long-term contractual rent growth.
Founded in 1992, Dutch Bros has rapidly expanded to over 1,080 locations across 24 states, supported by a loyal customer base and a high-volume, drive-thru–focused operating model. The company has articulated an aggressive long-term growth strategy targeting 2,000+ locations by 2029, with a total U.S. market opportunity exceeding 7,000 potential stores. Dutch Bros is publicly traded on the NYSE under the ticker BROS and reported 2025 revenue guidance of approximately $1.61–$1.615 billion, underscoring the brand’s strong unit economics and national momentum.
The property is strategically located along Belt Highway, a primary north–south arterial and major traffic corridor in St. Joseph, Missouri, providing excellent visibility and accessibility. The surrounding trade area is supported by solid residential density, average household incomes exceeding $83,000 within a five-mile radius, and proximity to Missouri Western State University, located approximately two miles from the site.
This offering represents an opportunity to acquire a new-construction Dutch Bros investment with long-term absolute NNN structure, strong brand fundamentals, and real estate positioned for durable cash flow and long-term value.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
950 SF
Building Class
C
Year Built
2026
Price
$3,906,988 CAD
Price Per SF
$4,112.62 CAD
Cap Rate
5.60%
NOI
$218,723 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.04
Lot Size
0.53 AC
Zoning
Commercial

AMENITIES

  • Restaurant
  • Drive Thru

NEARBY MAJOR RETAILERS

Texas Roadhouse
Five Guys
McAlister's Deli
Perkins
Red Lobster
Cracker Barrel Old Country Store
Le Peep
Anytime Fitness
Caribou Coffee
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-1.0-11-002-000-039.000
Land Assessment
$45,923 CAD
Improvements Assessment
$96,847 CAD
Total Assessment
$142,769 CAD
  • Listing ID: 38971812

  • Date on Market: 2026-01-05

  • Last Updated:

  • Address: 514-516 N Belt Hwy, Saint Joseph, MO 64506

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