Patterson Retail for Sale - Turlock/SW Stanislaus
This Dutch Bros absolute NNN ground lease presents a compelling opportunity to acquire a newly constructed, nationally recognized drive-thru retail asset in the rapidly expanding Patterson, California market. Completed in 2023, the property is strategically positioned at the high-visibility, signalized intersection of Sperry Avenue and Rogers Road, with direct access to Interstate 5 and exposure to more than 55,000 vehicles per day. This prime placement allows the store to benefit from substantial commuter traffic between the Bay Area and Central Valley while drawing consistent activity from surrounding logistics and distribution employers, including Amazon, CVS, Grainger, Kohl’s, and other major operators employing several thousand workers within one mile.
The asset features a long-term, 15-year absolute NNN ground lease with Dutch Bros, the fast-growing drive-thru coffee chain that has surpassed 1,000 locations nationwide and continues to post strong revenue growth. The lease includes scheduled 10 percent rent increases every five years throughout the base term and all four five-year options. With the tenant responsible for all expenses, including taxes, insurance, roof, structure, and parking area, this offering provides investors truly passive, maintenance-free ownership with resilient income characteristics backed by a rapidly expanding publicly traded brand.
Patterson’s robust economic fundamentals further enhance the investment’s long-term appeal. The city has evolved into a thriving logistics hub with over 10,500 jobs, supported by strong household incomes reaching $155,783 within a one-mile radius and consistent population growth across 5-, 10-, and 15-mile trade areas. Its central location between San Francisco, San Jose, and Stockton positions the property to benefit from diverse economic drivers and continued expansion of both regional industry and residential communities.
Overall, this Dutch Bros ground lease offers investors a high-quality retail asset with stable cash flow, exceptional visibility, strong tenant performance, and zero management responsibility in one of California’s most dynamic logistics corridors.