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Dutch Bros 498 Sparn St

950 SF 4-Star Retail Building Grand Junction, CO 81501 $2,686,000 ($2,827/SF) 5.10% Cap Rate

Investment Highlights

  • New Build-to-Suit Development
  • Corporate Guaranty!
  • 32,000+ Avg. Vehicle Per Day Traffic Counts
  • New 15-Year Absolute NNN Lease
  • 10% Rental Increases Every 5-Years
  • 72,000+ Population Within 3-Miles

Executive Summary

Embree Capital Markets Group is pleased to present a newly constructed, single-tenant Dutch Bros Coffee drive-thru at 498 Sparn St., Grand Junction, CO. This build-to-suit property offers a corporate-guaranteed, 15-year absolute NNN lease, providing a secure, management-free investment.
Grand Junction is a growing hub in Western Colorado, strategically located along I-70. Known for its vibrant community, affordable cost of living, and stunning outdoor attractions, it attracts a steady population inflow, with over 72,000 residents within city limits. The area’s thriving tourism, agriculture, and energy sectors create a strong, diverse economy, positioning this property well for long-term success.
Dutch Bros Coffee, the third-largest coffee chain in the U.S., operates over 950 locations nationwide. Recognized for its strong brand loyalty and rapid growth, Dutch Bros continues expanding, with robust financials and an ambitious growth strategy.

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$2,686,000
Price Per SF
$2,827
Cap Rate
5.10%
NOI
$136,986
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.75 AC
Opportunity Zone
Yes

Amenities

  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dutch bros Coffee
  • Retailer
  • 950 SF
  • $144.22
  • Triple Net
  • Dec 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dutch bros Coffee Retailer 950 SF $144.22 Triple Net Dec 2039

Nearby Major Retailers

Texas Roadhouse
Academy Bank
Vectra Bank
Rib City Grill Grand Junction
Safeway
Starbucks
  • Listing ID: 33882270

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 498 Sparn St, Grand Junction, CO 81501

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