Dutch Bros | New 15yr Corp Abs NNN Grd Lse 4236 N Varsity Ave

950 SF Retail Building San Bernardino, CA 92407 $2,841,000 ($2,991/SF) 4.40% Cap Rate

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INVESTMENT HIGHLIGHTS

New 15-Year Lease | Scheduled Increases | Options To Extend |Corporate Guaranteed | Drive-Thru Equipped | Excellent Signage
Corner Intersection (Combined 129,600 VPD) | Dense QSR Corridor

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area | Direct Consumer Base California State University of San Bernardino (17,900+ Students)

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, corporate guaranteed (NYSE: BROS), Dutch Bros investment property located in San Bernardino, California. The tenant, BB Holdings CA, LLC, recently signed a new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.