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Dutch Bros | 12+yrs Remain Corp Abs NNN 1760 N Broadway 862 SF Retail Building Santa Maria, CA 93454 $2,865,000 ($3,323.67/SF) 4.80% Cap Rate



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
Building Size
862 SF
Building Class
C
Year Built
2020
Price
$2,865,000
Price Per SF
$3,323.67
Cap Rate
4.80%
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
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dutch Bros
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dutch Bros | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 128-004-013 | Improvements Assessment | $1,496,385 |
| Land Assessment | $1,493,756 | Total Assessment | $2,990,141 |
Property Taxes
Parcel Number
128-004-013
Land Assessment
$1,493,756
Improvements Assessment
$1,496,385
Total Assessment
$2,990,141
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Dutch Bros | 12+yrs Remain Corp Abs NNN | 1760 N Broadway
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