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Dutch Bros Ground Lease 101 E Sunset Dr 950 SF Retail Building Mt Juliet, TN 37122 $2,597,000 ($2,733.68/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term 15-year initial lease with 10% rental increases every five years, providing predictable income growth.
- Backed by Boersma Bros. LLC, ensuring financial security and stability.
- Tenant is responsible for all property expenses, including taxes, insurance, and maintenance, ensuring zero landlord responsibilities.
- Four renewal options of five years each, extending the lease up to 35 years.
EXECUTIVE SUMMARY
High-Visibility Retail Corridor: Situated at 101 E Sunset Drive, the property benefits from exceptional visibility along N Mount Juliet Road, which sees over 24,627 vehicles per day (AADT). The site is surrounded by in-demand national retailers and popular local attractions.
Absolute NNN Lease: The tenant is responsible for all property-related expenses, including taxes, insurance, and maintenance—offering a truly passive, hands-off investment.
Long-Term Lease with Built-In Growth: The 15-year initial lease term includes 10% rent increases every five years, ensuring reliable income growth and increased NOI over time.
Demographic Strength: Located within a 5-mile radius of more than 80,000 residents with an average household income exceeding $129,000, the site is ideally positioned to serve a strong, affluent customer base.
New Construction: Slated for completion in 2025, the 950 SF building will feature modern, efficient construction tailored to Dutch Bros’ operational standards.
Retail Synergy: Surrounded by major anchors such as Walmart, Kroger, Target, and Publix, along with nearby schools and medical centers—driving consistent foot traffic and consumer demand.
Absolute NNN Lease: The tenant is responsible for all property-related expenses, including taxes, insurance, and maintenance—offering a truly passive, hands-off investment.
Long-Term Lease with Built-In Growth: The 15-year initial lease term includes 10% rent increases every five years, ensuring reliable income growth and increased NOI over time.
Demographic Strength: Located within a 5-mile radius of more than 80,000 residents with an average household income exceeding $129,000, the site is ideally positioned to serve a strong, affluent customer base.
New Construction: Slated for completion in 2025, the 950 SF building will feature modern, efficient construction tailored to Dutch Bros’ operational standards.
Retail Synergy: Surrounded by major anchors such as Walmart, Kroger, Target, and Publix, along with nearby schools and medical centers—driving consistent foot traffic and consumer demand.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2025
Price
$2,597,000
Price Per SF
$2,733.68
Cap Rate
5.20%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.00 AC
Parking
10 Spaces (10.53 Spaces per 1,000 SF Leased)
Frontage
210’ on SUNSET DR
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 054-160.00 | Improvements Assessment | $0 |
| Land Assessment | $25,475 | Total Assessment | $25,475 |
PROPERTY TAXES
Parcel Number
054-160.00
Land Assessment
$25,475
Improvements Assessment
$0
Total Assessment
$25,475
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Dutch Bros Ground Lease | 101 E Sunset Dr
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