Log In/Sign Up
Your email has been sent.
Dutch Bros 13600 Terra Crossing Ct 1,025 SF Retail Building Louisville, KY 40245 $3,019,000 ($2,945.37/SF) 5.50% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease to Dutch Bros, the second-largest drive-thru coffee chain in the U.S.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Dutch Bros reported Q1 2026 total revenues of $464.4M, representing a 30.8% increase year-over-year from the $355.2m reported in Q1 2025.
- 10% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
- As of July 2026, Dutch Bros operates 1,255 locations across the U.S. with plans to open approximately 181 stores in 2026.
Executive Summary
This Dutch Bros property occupies a prime retail location along Old Henry Road, benefiting from frontage that exposes the site to more than 17,000 vehicles per day and immediate access to Interstate 265, which serves over 71,000 additional daily commuters. The asset is leased to Dutch Bros, one of the nation’s fastest-growing coffee brands, which opened its 1,000th location in February 2025 and has announced plans to double its store count by 2029. The surrounding trade area is supported by a population of 122,124 residents within a five-mile radius, representing significant growth since 2010 and continued projected expansion through 2031. The property is situated within an affluent area, with average household income reaching $182,211 within a three-mile radius and forecasted to exceed $207,000 over the next five years. As an outparcel to Terra Crossing, the site benefits from proximity to a dynamic retail destination anchored by Kentucky’s first Publix and more than 355,000 square feet of shopping, dining, and service-oriented uses. Combined with projected population and income growth across the surrounding trade area, the property is well positioned to benefit from the continued expansion of both Dutch Bros and the Louisville market.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,025 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,019,000
Price Per SF
$2,945.37
Cap Rate
5.50%
NOI
$166,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.90 AC
Parking
16 Spaces (15.61 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 398500130000 | Improvements Assessment | $0 |
| Land Assessment | $786,260 | Total Assessment | $786,260 |
Property Taxes
Parcel Number
398500130000
Land Assessment
$786,260
Improvements Assessment
$0
Total Assessment
$786,260
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
