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Dutch Bros | 15 YR Abs NNN Lse | Double D/T 8749 Bent Tree Dr

950 SF 4-Star Retail Building Amarillo, TX 79119 $1,983,000 ($2,087/SF) 5.30% Cap Rate

Investment Highlights

  • Dutch Bros (NYSE: BROS) with 900+ locations and strong corporate credit.
  • 10% rent increases every 5 years, boosting ROI and hedging against inflation.
  • Investor owns land and building, with tax benefits and asset security.
  • 15-year NNN lease with 3 extension options for long-term stability.
  • 2023 double drive-thru facility, maximizing sales and property value.
  • Absolute NNN lease with Dutch Bros covering all expenses, ideal for passive investors.

Executive Summary

Broker of Record - Brian A. Kaplan - TX License No 591047
Faris Lee Investments is pleased to offer a STNL freestanding, corporate-guaranteed Dutch Bros Coffee on an absolute triple net lease in Amarillo, TX. This is a rare opportunity to acquire fee simple ownership of a Dutch Bros location, which offers potential tax benefits through depreciation. The newly constructed property, which opened in April 2023, is secured by a long-term 15-year lease with three (5-year) renewal options, offering potential total lease terms of up to 30 years. The lease stipulates 10% rental increases every five years, ensuring a growing income stream and a robust hedge against inflation. The completely passive investment also boasts a double drive-thru, further providing intrinsic real estate value and customer convenience.
Dutch Bros Coffee, established in 1992, has grown into the third largest coffee chain in the U.S., with over 900 locations in 18 states. Dutch Bros has been publicly traded on the NYSE (BROS) since 2021 and has demonstrated remarkable growth since, achieving a market capitalization of $7.32 billion as of November 2024. With an impressive average annual revenue growth rate of 42% since going public, Dutch Bros achieved over $965 million in revenue for 2023.
The subject property is ideally located along Soncy Road, a high-traffic route to Interstate 40 in Amarillo, TX, with over 28,000 vehicles passing daily. The area boasts a strong population of over 119,000 people and 48,000+ employees within a 5-mile radius. Amarillo is a key economic hub for the Texas Panhandle, with major industries including agriculture, manufacturing, and healthcare. The region is home to more than 25% of U.S. beef production, and major employers like Medical Center Park and a new Amazon fulfillment center add to the area’s growth. With low taxes and a reasonable cost of living, this location is ideal for businesses looking to tap into a thriving consumer and workforce base. The city of Amarillo has a population of approximately 200,000 people.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$1,983,000
Price Per SF
$2,087
Cap Rate
5.30%
NOI
$105,100
Tenancy
Single
Building Height
1 Story
Lot Size
5.68 AC
Zoning
Commercial
Parking
11 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100 FT on South Soncy Road

Amenities

  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

Orangetheory Fitness
Dutch Bros
F45
Prosperity Bank
Torchy's Tacos
United Supermarkets
Walk-On's
McAlister's Deli
Bank of America
Woodforest National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-370-0620-3000-0
Land Assessment
$881,652
Improvements Assessment
$0
Total Assessment
$881,652
  • Listing ID: 33909392

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 8749 Bent Tree Dr, Amarillo, TX 79119

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