Cap Rate
5.25%
Year Built
2024
Leasable Area
950 SF
Term Remaining
±15 Yrs
NOI
$150,000
Property Type
Retail
LEAD LISTING AGENT
Hutt Cooke
Market Leader
Email
[email protected]
License No.
356505 (TN)
Direct
+1 (615) 667-0097
Mobile
+1 (615) 521-6955
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – This property offers true passive income with an absolute NNN lease with zero landlord responsibilities
- Brand New Construction – Building is currently being constructed
- Long Term Lease – New 15-year lease with built in 10% increases every 5 years
- Large Lot – Sitting on a lot of ±0.75 acres, double the size of most other coffee stands
- Established Tenant – Dutch Bros (NYSE: BROS) is a financially stable, national tenant, known for their high-quality beverages and exceptional customer service
- Significant Tenant Capital Contribution – Dutch Bros spent $585,000 of their own money to contribute to the construction cost of the building, showing commitment to the location
- Expanding Business – Spanning over 17 states, Dutch Bros has 876 locations with plans of continued growth
- Heavy Traffic Counts – Nine Mile Rd sees over 37,500 VPD and located adjacent to Pensacola Blvd seeing 40,000 VPD
- Ease Of Access – The new construction Dutch Bros includes the Double Drive-Thru concept
- Growing Market – There is significant growth and development in Pensacola, FL creating a desirable location for business and locals
- Planned Costco Development – Less than a mile down the road, Costco has released development plans for a new store
Broker of Record
- Kyle Matthews
- License No. CQ1066435 (FL)
- (866) 899-0550
- Matthews Real Estate Investment Services, Inc.
- 1600 West End,
Ste. 1500 Nashville, TN 37203