x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Dutch Bros Coffee, McAllen, TX

Dutch Bros Coffee

McAllen, Texas

Price $2,380,000
Cap Rate 5.00%
NOI $119,000
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 1.097 Acres (47,785 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 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
» 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-VISIBILITY LOCATION NEAR STRONG TRAFFIC DRIVERS
» Excellent visibility and access to 65,388 vehicles per day along West Nolana Avenue and the North Ware Road four-way signalized intersection
» Outparcel to Target with nearby tenants such as Walmart Supercenter, Chase Bank, Chickfil-A, Pizza Hut, Starbucks, McDonald’s, AutoZone Auto Parts, Dollar Tree, and more
» Walking distance to Alonzo De Leon Middle School (1,019 students), Dr. Carlos E. Castañeda Elementary School (509 students), and Christa McAuliffe Elementary School (527 students)
» Minutes from South Texas College – Pecan Campus (28,184 students, 2,654 employees), and the University of Texas Rio Grande Valley (over 29,000 students, 4,887 employees)
» Beneficial proximity to DHR Health (500+ beds, 5,500 employees), South Texas Health System McAllen (441 beds), and South Texas Health System Edinburg (127 beds)

GROWING BORDER CITY WITH ACCESS TO A LARGE CUSTOMER BASE
» Surrounded by high-density, single family housing developments and large apartment complexes
» Population of 222,716 within a five-mile radius (a 12% growth since 2010)
» Average annual household income of $86,300 within three miles of the site (projected to increase 18% by 2027)
» The McAllen region features a large, young, and continually growing labor pool with a median age of 29
» Close to the United States-Mexico border and a gateway to Corpus Christi, the eighth-most populous city in Texas (317,863 residents)
» McAllen is designated as a foreign trade zone and has established itself as a major hub for international trade and distribution

NEW 2022 CONSTRUCTION IN A TAX-FREE STATE
» 2022 construction featuring a dedicated wrap-around, dual-lane drive-thru, providing additional customer convenience and boosting sales revenue
» Texas has no state income tax


Property Description

» This Dutch Bros Coffee is located along West Nolana Avenue (29,275 AADT) near the North Ware Road (36,113 AADT) signalized four-way intersection
» The property is an outparcel to Target with nearby tenants such as Walmart Supercenter, Chase Bank, AutoZone Auto Parts, Dollar Tree, Chick-fil-A, Pizza Hut, Starbucks, McDonald’s, and numerous other well-known tenants
» The site maintains beneficial proximity to large area hospitals, including DHR Health (500+ beds, 5,500 employees), South Texas Health System McAllen (441 beds), South Texas Health System Edinburg (127 beds), and more.
» The property is within walking distance of Alonzo De Leon Middle School (1,019 students), Dr. Carlos
E. Castañeda Elementary School (509 students), and just minutes from South Texas College (28,184 students, 2,654 employees), and the University of Texas Rio Grande Valley (over 29,000 students, 4,887 employees)
» The location is densely populated with 222,716 residents living within a five-mile radius (a 12 percent growth since 2010) with an average annual household income of $86,300 within three miles and projected to increase 18 percent by 2027
» The site is located close to the United States-Mexico border and is a gateway to Corpus Christi, the eighth-most populous city in Texas (317,863 residents)

Contact Us About This Property

Ryan & Vince & Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link