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Dutch Bros Coffee, San Antonio, TX

Dutch Bros Coffee

San Antonio, TX

Price $2,725,000
Cap Rate 4.00%
NOI $109,000
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 950 SF
Lot Size 1.00 Acre (43,560 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease with a strong corporate guaranty
» 10 percent rental increases every five years, providing a hedge against inflation
» Dutch Bros recently went public – now valued at over $5.6 billion (NYSE: “BROS”)
» Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count
» In 2021, total revenues grew 52.1% to $497.9 million as compared to $327.4 million in 2020

HIGH-VISIBILITY LOCATION WITH ACCESS TO OVER 80K VEHICLES PER DAY AND EXCELLENT DEMOGRAPHICS
» Located near the signalized hard-corner of Blanco Road and Wurzbach Parkway (80,271 AADT)
» Population of 267,560 within a five-mile radius, providing a large customer base for the site
» Average household income of $96,912 within five miles and projected to increase 10 percent by 2026, poising Dutch Bros and the immediate trade area for concurrent growth
» Surrounded by high-density, single family housing developments and large apartment complexes

PROXIMITY TO LARGE SAN ANTONIO RETAIL CENTERS AND COMMUNITY HUBS
» Near highly visible and easily accessible corner parcel CVS Pharmacy, attracting crossover shopping to the location
» Across the street from a Walmart Supercenter, drawing significant traffic to the site
» Proximity to highly trafficked retail centers with major tenants in the surrounding area such as Target, The Home Depot, H-E-B, Burlington, PetSmart, Chick-fil-A, and many more
» Five miles from San Antonio International Airport (seven+ million annual travelers)
» Gateway to Downtown San Antonio, the seventh-most populous city in the U.S. (1,434,625 residents)

2022 CONSTRUCTION IN INCOME TAX-FREE STATE
» 2022 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» Texas has no state income tax, estate tax, or inheritance tax


Property Description

This Dutch Bros Coffee is conveniently located near the signalized hard-corner of Blanco Road and Wurzbach Parkway, with excellent access and visibility to a combined 80,271 vehicles per day. The location has strong demographics, with 267,560 residents within a five-mile radius, providing a consistent customer base for the property. The average household income is $96,912 within five miles and is projected to increase 10 percent by 2026, poising Dutch Bros and the immediate trade area for concurrent growth. The site is also surrounded by high-density, single family housing developments and large apartment complexes.

The property benefits from its proximity to large retail centers and community hubs. The site has a highly visible and easily accessible corner parcel location neighbored by CVS Pharmacy, attracting crossover shopping to the location. The location is also across the street from a Walmart Supercenter-anchored shopping center, drawing significant traffic to the site. The property maintains beneficial proximity to highly trafficked retail centers with major tenants in the surrounding area such as Target, The Home Depot, H-E-B, Burlington, PetSmart, Chick-fil-A, and many more. The location is five miles from San Antonio International Airport (seven+ million annual travelers) and serves as a common gateway to Downtown San Antonio, the seventh-most populous city in the U.S. (1,434,625 residents).

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