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Dutch Bros Coffee - Westlake, TX - DFW Metro 2401 Highway 377
950 SF Retail Building Westlake, TX 76262 $2,620,000 ($2,758/SF) 5% Cap Rate
Investment Highlights
- New Dutch Bros building with double lane drive - construction started December 2023
- 47,264 population with an affluent $188,311 AHHI in 3-mile radius
- Walmart Superstore, Home Depot, Planet Fitness, ALDI, Quick Trip and other national retailers located nearby the Property
- Minimal Landlord Responsibilities
- High traffic location; Hwy 170 (49,116 CPD) & Hwy 37 (19,561 CPD) Intersection nearby
- Westlake is located in the DFW metroplex area (Pop. 7,800,000); DFW is one of the most dynamic metropolitan areas in the U.S.
Executive Summary
With a 15-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income-producing commercial property with a high-growth QSR industry-leading tenant that has mastered the drive-thru business model of serving coffee and assorted energy drinks to on-the-go customers. Dutch Bros Inc. is a publicly traded company listed on the NYSE with a current market cap of over $5 Billion (December 2023).
The Dallas–Fort Worth–Arlington metro area (“DFW” metroplex), with a population of 7,800,000, is one of the fastest growing metropolitan areas in the United States. DFW is an economic powerhouse that generated over $598 Billion in GDP during 2022. Exxon Mobil, McKesson, AT&T, American Airlines Group, Kimberly-Clark, DR Horton, 7-Eleven, Texas Instruments, BNSF Railway, Southwest Airlines and many other corporate headquarters are in the DFW area. The local area is commercially active with 43,085 employees working at 5,591 businesses within 5 miles of the Property. Facebook, Samsung, 3M, BHER, General Mills, Charles Schwab, Fidelity Investments and many other prominent companies have major operations in the trade area.
The Property is readily visible from Hwy 170, a major arterial carrying 49,116 CPD and fronts Hwy 377 (19,561 CPD). Within the 3-mile radius of the Property, the population is 47,264 with an affluent AHHI of $188,311 and median age of 35.6. Two high schools with over 6,000 students are located within 2-miles from the Property.
Walmart Superstore, Home Depot, Planet Fitness, ALDI and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area. Spec’s Wines, Spirits & Finer Foods and Quick Trip, located adjacent Property, additionally contribute to the immediate area customer activity.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
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- RENT/SF
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- Accommodation and Food Services
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Dutch Bros Inc. (NYSE: BROS) is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what they do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. They believe Dutch Bros is more than just the products they serve—they are dedicated to making a massive difference in the lives of their employees, customers and communities. This combination of hand-crafted and high-quality beverages, their unique drive-thru experience and their community-driven, people-first culture has allowed them to successfully open new shops and continue to share the “Dutch Luv”.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
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Dutch Bros Coffee - Westlake, TX - DFW Metro | 2401 Highway 377
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