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- LoopNet Team
234 E New Circle Rd
Lexington, KY 40505
Dutch Bros · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 19+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Tenant | 2023 Construction
- Primary Thoroughfare | Several Big Box Retailers | Direct Residential Consumer Base | Drive-Thru Equipped
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Less Than 3 Miles From The University of Kentucky
PROPERTY FACTS
ABOUT 234 E NEW CIRCLE RD , LEXINGTON, KY 40505
• The tenant has 19+ years remaining on their lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation • Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states • 2023 construction which features high quality materials, distinct design elements, and high-level finishes
PROPERTY TAXES
| Parcel Number | 45663500 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,975,000 |
PROPERTY TAXES
