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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
• The tenant recently executed a brand new 15-year lease with three (3) additional 5-year renewal options, demonstrating a long-term commitment to the site
• The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, driving NOI growth and providing an effective hedge against inflation
• Dutch Bros (NYSE: BROS) is the third largest coffee chain in the US with over 1,177 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• New construction with high-quality materials and the brand’s current design package — minimal deferred maintenance exposure for a passive investor
• The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, driving NOI growth and providing an effective hedge against inflation
• Dutch Bros (NYSE: BROS) is the third largest coffee chain in the US with over 1,177 locations throughout 25 states and a long-term goal of hitting 4,000+ stores
• New construction with high-quality materials and the brand’s current design package — minimal deferred maintenance exposure for a passive investor
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
Loading Docks
3 Exterior
Lot Size
14.93 AC
Zoning
B4 - Arterial Business
Parking
13 Spaces (13.18 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
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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