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Dutch Bros | 12+yrs Remain Corp Abs NNN 1760 N Broadway 862 SF Retail Building Santa Maria, CA 93454 $2,957,000 ($3,430.39/SF) 4.65% Cap Rate

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Investment Highlights

Over 10-Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Latest Prototype
Central California Real Estate | Santa Barbara Wine Country | California’s Famous Central Coast | High Barriers to Entry
Dense Retail Corridor | Hospitality Cluster

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along N Broadway | U.S. Highway 101 | Dual Drive-Thru | Excellent Visibility & Access
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in Santa Maria, California. The tenant currently has over 10 years left on their initial term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. This offering represents a rare opportunity to acquire Central California real estate within a dense, infill trade area with high barriers for new development.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

862 SF

Building Class

Year Built

2020

Price

$2,957,000

Price Per SF

$3,430.39

Cap Rate

4.65%

NOI

$137,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.02

Lot Size

0.92 AC

Zoning

C2 - General Commercial District

Parking

10 Spaces (11.6 Spaces per 1,000 SF Leased)

Frontage

255’ on N Broadway

Freeway Visibility

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Dutch Bros is a publicly held drive-thru beverage company founded in 1992 in Grants Pass, Oregon by brothers Dane and Travis Boersma. The business began with a single espresso cart and gradually expanded its offerings to include coffee, teas, lemonades, smoothies, and proprietary energy drinks. Over time, the company developed its own roasting operations and broadened its footprint across multiple states through a mix of company-operated and franchise locations. Dutch Bros has incorporated community-focused initiatives into its operations, developing recurring giveback programs and supporting various causes through its foundation. The company has continued to streamline its organizational structure as it grows, transitioning significant corporate support operations to Tempe, Arizona. Dutch Bros trades on the New York Stock Exchange under the ticker symbol BROS, reflecting its position as a publicly listed enterprise. The company’s historical development includes notable milestones such as the introduction of a branded energy drink line and the establishment of programs that support both local communities and charitable causes.