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Dutch Bros | Oklahoma City MSA 188 Shawnee Mall dr

950 SF 4-Star Retail Building Shawnee, OK 74804 $1,788,000 ($1,882/SF) 5.65% Cap Rate

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Investment Highlights

New 15-year absolute NNN corporate lease with 10% rental increases every five years
Dutch Bros (NYSE: “BROS”) went public in 2021 – valued at $4.88B as of February 2024
In 2023, Dutch Bros opened 159 new shops across 13 states and reported a 30.7% growth of total revenues to $965.8M (compared to $739M in 2022)

No landlord management, an ideal opportunity for a passive investor
Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the United States by location count
New high-quality 2023 construction built to Dutch Bros’ latest prototype and featuring a dedicated dual-lane drive-thru

Executive Summary

This Dutch Bros is strategically positioned in Shawnee (the county seat of Pottawatomie County) just off the interchange of Interstate 40 and North Kickapoo Avenue.
This site has excellent visibility from Interstate 40 (48,419 AADT), a major thoroughfare running across the entire state of Oklahoma from Texas to Arkansas and connecting Shawnee to Oklahoma City (located 30 minutes west of Shawnee).
Ideal location in the Shawnee Mall, a 455,420 square foot regional shopping mall anchored by Dillard’s, Dunham’s Sports, Jo-Ann’s Fabrics, Jones Theatre-Movie Six, Kohl’s, Ross Dress For Less, and Shoe Dept. Encore.
Outparcel to Kohl’s and directly next to Walmart Supercenter, positioning the site to capture significant crossover buyer activity.
The site is within walking distance of Shawnee’s auto mall tenanted by Joe Cooper Dodge Jeep Of Shawnee, Joe Cooper Chevrolet, and Joe Cooper Ford of Shawnee.
Across the highway from another large retail corridor containing tenants such as Lowe’s Tractor Supply Company, Harbor Freight Tools, Hobby Lobby, T.J. Maxx, PetSmart, Whataburger, Taco Bell, Chickfil-A, Popeyes, Starbucks, McDonald’s, and many others.
36,098 residents live within 5 miles of the site, creating a stable customer base for the site.