2038 W University Dr | Denton, TX 76201
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2038 W University Dr
Denton, TX 76201
Dutch Bros Cafe · Retail Property For Sale
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranteed | Rental Increases | Brand New Construction | Recent IPO
- Two Curb Cuts, Median Break Access | Double Drive-Thru Equipped
- Market Trade Area | Strong Demographics in 3-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- In Front of Future HEB | Retail Corridor | Strong National/Credit Tenant Presence
Executive Summary
Tenant recently signed a brand new 15-year lease with 4
(5-year) options to extend, demonstrating their long-term
committment to the site
• Lease features attractive 10% rental increases every 5 years
throughout the initial term and at the beginning of each option
period, growning NOI and hedging against inflation
• The state-of-the-art building was just recently completed and
features brand new construction with modern amenities and
design
• In September 2021, Dutch Bros launched its initial public
offering raising over $484 million and valuing the company at
$3.8 billion
(5-year) options to extend, demonstrating their long-term
committment to the site
• Lease features attractive 10% rental increases every 5 years
throughout the initial term and at the beginning of each option
period, growning NOI and hedging against inflation
• The state-of-the-art building was just recently completed and
features brand new construction with modern amenities and
design
• In September 2021, Dutch Bros launched its initial public
offering raising over $484 million and valuing the company at
$3.8 billion
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
950 SF
Building Class
B
Year Built
2022
Price
$2,586,667
Price Per SF
$2,723
Cap Rate
3.75%
NOI
$97,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.69 AC
Zoning
Commercial - Commercial
Frontage
101 FT on West University Drive
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