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Dutch Bros Coffee Ground Lease, Rancho Cordova, CA

Dutch Bros Coffee Ground Lease

Rancho Cordova, CA

Price $2,200,000
Cap Rate 4.50%
NOI $99,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 950 SF
Lot Size 0.81 Acres (35,414 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

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

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN ground lease with a strong corporate guaranty
» 10% rental increases every five years, providing a hedge against inflation
» Requires no landlord management, ideal for an out-of-area investor
» Dutch Bros (NYSE: “BROS”) recently went public – now valued at over $5.6 billion
» 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-PROFILE LOCATION IN GROWING RANCHO CORDOVA RETAIL CORRIDOR
» Conveniently located near the signalized hard corner of Douglas Road and Sunrise Boulevard, with excellent visibility and access to a combined 47,818 vehicles per day
» Located within the Anatolia Retail Center, a ±105,478-square-foot neighborhood shopping center being developed to serve the new Sunridge development (approved for over 20,000 new homes)
» Outparcel to a new shopping center with McDonald’s, Chevron, and several multi-tenant pads
» Common gateway to Downtown Sacramento, the capital city of California (503,482 population)

DENSELY POPULATED CALIFORNIA REGION WITH EXCELLENT DEMOGRAPHICS
» 92,850 residents live within five miles of the property
» High average annual household income of $167,522 within a one-mile radius of the site
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising Dutch Bros and Rancho Cordova for steady concurrent growth
» Rancho Cordova’s population has increased by 24% since 2010, one of the fastest growing residential areas in the Sacramento region

NEW 2022 CONSTRUCTION
» 2022 construction featuring a dedicated dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs


Property Description

» The property is conveniently located near the signalized hard corner of Douglas Road and Sunrise Boulevard, with excellent visibility and access to a combined 47,818 vehicles per day
» The site is located within the Anatolia Retail Center, a ±105,478-square-foot neighborhood shopping center being developed to serve the new Sunridge development (approved for over 20,000 new homes)
» Outparcel to a new shopping center with McDonald’s, Chevron, and several multi-tenant pads
» This Dutch Bros is set in a densely populated and affluent area, with 92,850 residents living within five miles of the site and an average annual household income of $167,522 within a one-mile radius of the property
» The location serves as a common gateway to Downtown Sacramento, the capital city of California (503,482 population)
» Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years, poising Dutch Bros and Rancho Cordova for steady concurrent growth

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