Dutch Bros. Coffee 13855 W Bell Rd 656 SF Retail Building Surprise, AZ 85374 $1,297,000 ($1,977.13/SF) 4.50% Cap Rate

???????Single-tenant Dutch Bros Coffee double drive-thru investment opportunity offering an absolute triple-net (NNN) ground lease with four (4) years remaining and two (2), five (5) year options. The Property boasts attractive 2.5% annual rental increases.
The Property features a well below market rent of $58,372.
Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing brands in the food service and restaurant industry, operates ±1,012 locations across 18 states and plans to grow to more than 4,000 shops nationwide.
West Side DB, the largest Dutch Bros franchisee in Arizona, operates ±20 locations west of the I-17 freeway in Phoenix. This lease is personally guaranteed by the owner, Caleb Berkey.
The Property is ±3 minutes west of The Surprise Towne Center & Marketplace, a ±1 million square-foot center anchored by Walmart Supercenter, Home Depot, Target, Lowe’s Home Improvement and many more.
The Property is adjacent to the Surprise City Center Development, a ±765-acre mixed-use development planned to encompass approximately 33 million square feet of upscale multi-family, office, hospitality, retail, entertainment, and much more, all in a beautiful, walkable urban landscape (See pages 15 & 16 of the OM for details) (Source: carefreepartners).
- The Property is adjacent to a busy Sprouts anchored center. 
- The Property is located at the heavily traveled intersection of W Bell Rd and N Litchfield Rd (±68,867 VPD) and is minutes west of Grand Ave (±35,567 VPD) (Source: ADOT, 24).
- Surprise Stadium (±10,714 seats), the spring training facility for the Kansas City Royals and Texas Rangers, is ±7 minutes west of the Property. 
- Valley Vista High School (±2,464 students) is ±7 minutes west of the Property (Source: US News).
- Banner Del E Webb Medical Center (±404 beds) is ±8 minutes north of the Property (Source: Banner Health).
- The Property boasts a dense 3-mile population of ±102,535 and an affluent average household income of $100,067 (Source: Esri).
-Nearby national retailers include Kohl’s, In-N-Out, Raising Cane’s, Chick-fil-a, Ross Dress for Less, Best Buy, Bath and Body Works, Michaels, PetSmart, and many more.