Dutch Bros Coffee | Absolute NNN Lease | 15 Year Term

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30626096
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending
Building Size (RSF): 858 SF
Gross Building Area: See Agent
Gross Land Area: 0.71 Acres
Sale Price: $2,358,000
Unit Price: $2,748 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 4.75%
Last Updated: 10/19/2020

Overview / Comments

» New 15-Year Absolute Triple-Net (NNN) Corporate Lease
» Brand New 2020 Build with a Drive-Thru
» 141,318 Residents in within a 5-Mile Radius (Growing Rio Rancho Trade Area) - Albuquerque MSA
» 10% Rental Increases Every 5 Years
» 35,424 Residents in Growing Los Lunas Trade Area - Albuquerque MSA
» Hard Corner Location at the Intersection of Rio Rancho Boulevard and Barbara Loop - Visible to 44,500+ Cars/Day
» Down the Road from Intel's $2 Billion Rio Rancho Manufacturing Facility, Home to 1,200 Employees
» Surrounded by National Retailers - Walmart Neighborhood Market, Smith's, Dollar Tree, Big Lots, CVS, and More
» Average Household Income Exceeds $86,000 within 5 Miles of Subject Property

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R115288

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,774 76,080 150,175
Median Age: 47.18 39.93 37.9
Households: 6,894 29,858 57,505

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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