Cap Rate: 4.35%
Net Operating Income: $119,000
Square Footage: 862
Lot Size: 0.74 AC
Market: College Station MSA
This is the opportunity to purchase a newly constructed Dutch Bros. Coffee subject to an absolute NNN lease. This Dutch Bros. Coffee in Bryan, Texas (College Station MSA) has excellent visibly from Highway 6. The tenant has a new 15 year lease with 10% increases in rent every 5 years. The tenant has three, 5 year options to renew with increases at each option. The lease is corporately guaranteed by Dutch Bros. Coffee. Dutch Bros is currently the largest privately held drive-thru coffee chain with a goal of adding 500 new sites by 2023.
This site is an outparcel to Kroger and neighbors several other retailers including Taco Bell, Chase Bank, Walgreens, and many others. The site is in close proximity to Texas A&M University which has an enrollment of 71,100 students.
Bryan is a city and the county seat of Brazos County, Texas, United States. It is located in the heart of the Brazos Valley (East and Central Texas). As of the 2010 census, the city had a population of 76,201. As of July 2019, the estimated population was 86,276. Bryan borders the city of College Station, which lies to its south. Together they are referred to as the Bryan–College Station metropolitan area, which has a population of more than 250,069. Just south of Bryan, Texas A&M College opened in 1876 in what later would be known as College Station.