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Dutch Bros Coffee, Claremore, OK

Dutch Bros Coffee

Claremore, OK

Price $2,706,000
Cap Rate 4.25%
NOI $115,000
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 1.033 Acres (45,000 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 GUARANTEED LEASE TO STRONG RETAIL TENANT
» New 15-year absolute NNN lease to strong and rapidly growing retail tenant
» 10% rental increases every five years, providing a hedge against inflation
» Dutch Bros recently went public – valued now at over $7.9 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

PROMINENT LOCATION IN A DENSE RETAIL CORRIDOR WITH PROXIMITY TO LARGE HOSPITALS, AND SCHOOLS
» Located near the signalized intersection of West Will Rogers Boulevard (22,393 AADT) and South Davis Avenue (2,922 AADT)
» Beneficial proximity to U.S. Route 66 (27,443 AADT), increasing traffic to the area
» Situated next to Claremore Indian Hospital (53 beds), with proximity to Claremore Veterans Center (302 beds) and Hillcrest Hospital Claremore (95 beds, 420 employees)
» Walking distance to Rogers State University (3,198 students) and many well-attended schools, including Claremore High School (1,247 students) and Will Rogers Junior High School (770 students), providing an ideal customer base for the site
» Excellent location in Claremore’s retail corridor, surrounded by prominent national retailers such as Walmart Supercenter, ALDI, CVS Pharmacy, Walgreens, Enterprise Rent-A-Car, Chick-fil-A, McDonald’s, Taco Bell, and numerous others
» Less than three miles from Holiday Inn Express & Suites Tulsa NE – Claremore (81 rooms), Hampton Inn & Suites (80 rooms), and La Quinta Inn & Suites by Wyndham Claremore (71 rooms)

STRATEGIC LOCATION IN GROWING TULSA SUBMARKET
» Surrounded by high-density, single family housing developments and large apartment complexes including Chalet Apartments (219 units) and Lakeshore Apartments (66 units), providing a regular customer base for the property
» Population of 32,828 within five miles
» Average annual household income of $74,274 within a five-mile radius (projected to increase 10 percent by 2026)
» Near several airports including, Claremore Regional Airport and Tulsa International Airport (2.3 million annual passengers)
» Gateway to Downtown Tulsa, the second-largest city in Oklahoma (413,066 residents)

NEW 2022 CONSTRUCTION
» 2022 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» New freestanding building



Property Description

Dutch Bros Coffee is conveniently located near the signalized intersection of West Will Rogers Boulevard (22,393 AADT) and South Davis Avenue (2,922 AADT). The property maintains beneficial proximity to U.S. Route 66 (27,443 vehicles per day). The site is next to Claremore Indian Hospital (53 beds), with proximity to Claremore Veterans Center (302 beds) and Hillcrest Hospital Claremore (95 beds, 420 employees). The property is within walking distance of Rogers State University (3,198 students) and many well-attended schools, including Claremore High School (1,247 students), and Will Rogers Junior High School (770 students), providing an ideal customer base for the site. The property is centrally located near Downtown Claremore and is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, ALDI, CVS Pharmacy, Walgreens, Enterprise Rent-A-Car, Chick-fil-A, McDonald’s, Taco Bell, and numerous others. The site is less than three miles from Holiday Inn Express & Suites Tulsa NE – Claremore (81 rooms), Hampton Inn & Suites Claremore (80 rooms), and La Quinta Inn & Suites by Wyndham Claremore (71 rooms).

The property is in a strategic location in the growing Tulsa submarket and is a gateway to Downtown Tulsa, the second-largest city in Oklahoma (413,066 residents). The site is close to several airports including Claremore Regional Airport and Tulsa International Airport (2.3 million annual passengers). The property is immediately surrounded by high-density, single family housing developments and large apartment complexes including Chalet Apartments (219 units) and Lakeshore Apartments (66 units), supplying a regular customer base. The area has a population of 32,828 within five miles and an average annual household income of $74,274. The average annual household income is projected to increase 10 percent by 2026, poising Dutch Bros Coffee and Claremore for concurrent growth.

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