Dutch Bros
Owasso, OK
Executive Summary
Investment Highlights
- Absolute NNN Ground Lease
- Strong Historical Sales
- Corporate Guarantee
- Strong Market Drivers
- Dense Education and Medical Corridor
- Ideal 1031 Exchange
DuWest Realty Partners has been exclusively retained to present the opportunity to acquire Dutch Bros ("The Property"), a 950 SF single tenant absolute net ground lease retail property located in Owasso, OK. The property is located along a dense retail corridor on E 86th St N seeing over 14,100 VPD.
Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros is a high growth operator and franchisor of drive- thru shops that focus on serving high quality, hand-crafted beverages with unparalleled speed and superior service. Dutch Bros has seen rapid growth and expansion of their brand and now serves over 831 locations with full-year 2024 revenue expectations to be between $950 million and $1 billion dollars.
The Property is a brand new, build to suit location with 15 years remaining and incremental bumps throughout the initial term which is corporately guaranteed. The Property features a double-drive thru making those secret menu orders easy to order. Dutch Bros is known for its delicious and unique drink options, each handcrafted and made to order especially for you. It's the company's mission to make a difference, one cup at a time and that includes company wide givebacks that support the local communities Dutch serves. Sharing the good vibes is what Dutch Bros is all about.
This acquisition of Dutch Brothers offers investors a strong, brand new construction/lease, incremental income stream with zero landlord responsibility. In-place rental increases are seen throughout the 15 year hold taking place every 5 years. The Property offers a steady cash flow with a single, net lease tenant with an experienced and successful franchisee guaranteed by a corporate lease