Dutch Bros 1002 E Tyler St 952 SF Retail Building Athens, TX 75751 $2,152,000 ($2,260.50/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN corporate lease with 10% rental increases every five years
- Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count with 847 locations
- High-visibility and easily accessible location along East Tyler Street (15,854 AADT)
- Dutch Bros (NYSE: “BROS”) went public in 2021 – now valued at over $6.4 billion
- New high-quality 2023 construction built to latest Dutch Bros prototype and projected to be completed in the fall of 2023
- Positioned in a growing retail corridor with major fast food chains such as Hwy 55, DQ, Burger King, Panda Express, and Starbucks
EXECUTIVE SUMMARY
High-Visibility and Easily Accessible Location: Located in a burgeoning retail corridor along East Tyler Street (15,854 AADT)
Interparcel Access from Nearby Tenants: Surrounded by notable tenants such as Hwy 55, Dairy Queen, Panda Express, and Starbucks
Ideally Set in Large Retail Corridor: The property is located across from the Athens Village Shopping Center with national retailers such as Walgreens, Bealls, Cinemark, AT&T, McDonald’s, and more, creating significant crossover shopping
Beneficial Proximity to Large Schools: The site benefits from its proximity to Trinity Valley Community College (7,743 students), Athens High School (899 students), and Central Athens Elementary School (538 students)
Reliable Customer Base: 17,436 residents with an annual average household income of $68,813 live within a five-mile radius of the site
Projected Population and Income Increases: A 10+% increase in average household income within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Athens for steady concurrent growth
Interparcel Access from Nearby Tenants: Surrounded by notable tenants such as Hwy 55, Dairy Queen, Panda Express, and Starbucks
Ideally Set in Large Retail Corridor: The property is located across from the Athens Village Shopping Center with national retailers such as Walgreens, Bealls, Cinemark, AT&T, McDonald’s, and more, creating significant crossover shopping
Beneficial Proximity to Large Schools: The site benefits from its proximity to Trinity Valley Community College (7,743 students), Athens High School (899 students), and Central Athens Elementary School (538 students)
Reliable Customer Base: 17,436 residents with an annual average household income of $68,813 live within a five-mile radius of the site
Projected Population and Income Increases: A 10+% increase in average household income within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Athens for steady concurrent growth
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
952 SF
Building Class
B
Year Built
2023
Price
$2,152,000
Price Per SF
$2,260.50
Cap Rate
5.75%
NOI
$123,695
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.33 AC
Frontage
140’ on East Tyler Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2050-0119-0020-01 | Improvements Assessment | $465,684 |
| Land Assessment | $449,880 | Total Assessment | $915,564 |
