Log In/Sign Up
Your email has been sent.
2038 W University Dr
Denton, TX 76201
Retail Property For Sale
Investment Highlights
- Tenant has 11+ years remaining on initial term of lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
- The state-of-the-art building features brand new construction with modern amenities and design
- Lease features attractive 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
- No landlord responsibilities - Ground Lease
Executive Summary
The Rosenfeld Company is pleased to exclusively offer the opportunity to acquire the absolute NNN ground lease Dutch Bros Coffee located at 2038 West University Drive (US 380) in Denton, Texas. The tenant is operating under a 15-year lease with over 11 years remaining and 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features attractive 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporately guaranteed by Boersma Bros. LLC (NYSE: BROS) and is an absolute NNN ground lease with zero landlord responsibilities
making it an ideal, management-free investment opportunity for the passive investor. The state-of-the-art building features modern amenities and design, in addition to being equipped with a double drive thru for expediated service and enhanced sales. In September 2021, Dutch Bros launched its initial public offering raising over $484 million and valuing the company at $3.8 billion.
making it an ideal, management-free investment opportunity for the passive investor. The state-of-the-art building features modern amenities and design, in addition to being equipped with a double drive thru for expediated service and enhanced sales. In September 2021, Dutch Bros launched its initial public offering raising over $484 million and valuing the company at $3.8 billion.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
B
Year Built
2022
Price
$2,400,000
Price Per SF
$2,526.32
Cap Rate
4%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.89 AC
Zoning
Commercial - Commercial
Frontage
101’ on West University Drive
Property Taxes
| Parcel Number | R27666 | Improvements Assessment | $449,934 |
| Land Assessment | $730,066 | Total Assessment | $1,180,000 |
Property Taxes
Parcel Number
R27666
Land Assessment
$730,066
Improvements Assessment
$449,934
Total Assessment
$1,180,000
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
