Dutch Bros | 4801 E US Highway 83
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Dutch Bros 4801 E US Highway 83
950 SF Retail Building Rio Grande City, TX 78582 $1,630,000 ($1,716/SF) 5.75% Cap Rate
Investment Highlights
- New 15-year corporate absolute NNN 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)
- Three (3) five (5) year option periods and one four (4) year and eleven (11) month option period, providing a passive long-term income generator
- 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 879 locations acro
- Dutch Bros is located on U.S. Highway 83, a major retail thoroughfare in Rio Grande City, with access to nearly 55,000 AADT directly in front of the s
Executive Summary
Excellent Location: This Dutch Bros is located on U.S. Highway 83, a major retail thoroughfare in Rio Grande City, with access to more than 54,000 AADT directly in front of the site
Surrounded By Major Traffic Drivers: The site is surrounded by major national retailers such as Walmart, AMC, Starbucks, Chick-fil-A, Whataburger, Jack in the Box, KFC, Chili’s, Denny’s, McDonald’s and many others
Beneficial Proximity to Retail Centers: Ideal location with proximity to multiple shopping centers anchored by major retail tenants such as Walmart, Tractor Supply Co, Marshall’s, H-E-B Plus!, and several others
Stable Customer Base: 25,951 residents live within 5-miles of the site, creating a stable customer base for the site
Growing Demographics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Rio Grande City for steady concurrent growth
Beneficial Proximity to Residential Developments: Close proximity to dense residential developments in both Rio Grand City and Las Lomas, positioning Dutch Bros to capture customers from both markets
Central Location Near U.S.-Mexico Border: Less than two miles from the Mexican border (with direct access to the U.S. via the Rio Grande City–Camargo International Bridge) and less than six miles from the Camargo municipality in the Mexican state of Tamaulipas
Surrounded By Major Traffic Drivers: The site is surrounded by major national retailers such as Walmart, AMC, Starbucks, Chick-fil-A, Whataburger, Jack in the Box, KFC, Chili’s, Denny’s, McDonald’s and many others
Beneficial Proximity to Retail Centers: Ideal location with proximity to multiple shopping centers anchored by major retail tenants such as Walmart, Tractor Supply Co, Marshall’s, H-E-B Plus!, and several others
Stable Customer Base: 25,951 residents live within 5-miles of the site, creating a stable customer base for the site
Growing Demographics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Rio Grande City for steady concurrent growth
Beneficial Proximity to Residential Developments: Close proximity to dense residential developments in both Rio Grand City and Las Lomas, positioning Dutch Bros to capture customers from both markets
Central Location Near U.S.-Mexico Border: Less than two miles from the Mexican border (with direct access to the U.S. via the Rio Grande City–Camargo International Bridge) and less than six miles from the Camargo municipality in the Mexican state of Tamaulipas
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2024
Price
$1,630,000
Price Per SF
$1,716
Cap Rate
5.75%
NOI
$93,705
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.80 AC
Parking
9 Spaces
Frontage
93 FT on East 2nd Street
Amenities
- Drive Thru
PROPERTY TAXES
Parcel Number | 13650-00000-00200-000000 | Improvements Assessment | $0 |
Land Assessment | $156,000 | Total Assessment | $156,000 |
PROPERTY TAXES
Parcel Number
13650-00000-00200-000000
Land Assessment
$156,000
Improvements Assessment
$0
Total Assessment
$156,000
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Dutch Bros | 4801 E US Highway 83
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