DUTCH BROS

523 W Nine Mile Rd, Pensacola, FL 32534
$2,857,142

Cap Rate
5.25%
Year Built
2024
Leasable Area
950 SF
Term Remaining
±15 Yrs
NOI
$150,000
Property Type
Retail

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