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Dutch Bros | Abs NNN | Drive-Thru Equipped 2375 E Andrew Johnson Hwy 986 SF Retail Building Greeneville, TN 37745 $3,159,000 ($3,203.85/SF) 5.35% Cap Rate
Investment Highlights
- New 15-Year Lease | 10% Rental Increases | Options To Extend | Established Tenant (NYSE: BROS) | Brand New Construction
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Outparcel To Top-Performing Lowe’s | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Proximity To Greeneville Community Hospital & Medical District
- Strong Demographics & Daytime Population
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in a brand new, absolute NNN leased Dutch Bros investment property located in Greeneville, Tennessee. The tenant recently executed a new 15-year lease with three (3) five-year renewal options, demonstrating long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, supporting NOI growth and providing a built-in hedge against inflation. Dutch Bros (NYSE: BROS) is the third largest coffee chain in the United States with more than 1,177 locations across 25 states and a long-term goal of exceeding 4,000 stores. The property features brand new construction with Dutch Bros’ latest prototype design and drive-thru infrastructure, supporting efficient customer throughput. The absolute NNN lease structure provides zero landlord responsibilities, making this an ideal management-free investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
986 SF
Building Class
B
Year Built
2026
Price
$3,159,000
Price Per SF
$3,203.85
Cap Rate
5.35%
NOI
$168,999
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.74 AC
Zoning
B4
Frontage
283’ on E Andrew Johnson Highway
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087L-A-028.00 | Improvements Assessment | $1,483,160 |
| Land Assessment | $631,760 | Total Assessment | $2,114,920 |
Property Taxes
Parcel Number
087L-A-028.00
Land Assessment
$631,760
Improvements Assessment
$1,483,160
Total Assessment
$2,114,920
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