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Dutch Bros Coffee - 15 Year NNN - Corporate 2399 Florida 77 950 SF Retail Building Panama City, FL 32405 $3,375,000 ($3,552.63/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15 Yr. Absolute NNN Lease - Dutch Bros (NYSE: BROS) - Opening November 2025
- Best-in-Class, Drive-Thru-Only Coffee Brand - Fastest Growing Coffee Chain - Market CAP $9B+
- 2025 Double Drive-Thru Prototype - Huge AUVs Nationwide - 10% Bumps - Strong Intrinsics
- Trophy Coastal City - Shadow Anchored by Home Depot/Lowe’s/Target/Panama City Mall
- Florida is #1 Growth State in the U.S. - Ranked #1 “Best State for Business” by CNBC (2025)
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a Dutch Bros Coffee in Panama City, FL. The rapidly growing and publicly traded (NYSE: BROS) drive-thru coffee chain currently operates 1,045 locations across 20 states and territories and is on track to reach 2,029 locations by 2029. With a brand-new 15-year absolute NNN lease, three 5-year option periods, 10% rent increases every 5 years, and a corporate guaranty, this asset is ideal for an investor seeking long-term, passive cash flows.
The new-construction 950 SF building with a double drive-thru on a 0.7-acre parcel is located on Florida State Road 77 (Martin Luther King Jr Blvd), which sees over 27,100 VPD, and is positioned within Panama City’s busiest retail corridor, creating excellent cross-shopping synergies. Nearby retailers include The Home Depot, Lowe’s Home Improvement, Walmart Supercenter, Target, Publix, Hobby Lobby, Kohl’s, Burlington, Bealls, Academy Sports + Outdoors, McDonald’s, Chick-fil-A, Panera Bread, Starbucks, and more.
This is a great opportunity to acquire an absolute triple-net-leased coffee shop in the Florida Panhandle on a long-term lease with strong rent increases, zero landlord responsibilities, and strong tenant credit growth potential, providing inflation-resistant income for years to come.
The new-construction 950 SF building with a double drive-thru on a 0.7-acre parcel is located on Florida State Road 77 (Martin Luther King Jr Blvd), which sees over 27,100 VPD, and is positioned within Panama City’s busiest retail corridor, creating excellent cross-shopping synergies. Nearby retailers include The Home Depot, Lowe’s Home Improvement, Walmart Supercenter, Target, Publix, Hobby Lobby, Kohl’s, Burlington, Bealls, Academy Sports + Outdoors, McDonald’s, Chick-fil-A, Panera Bread, Starbucks, and more.
This is a great opportunity to acquire an absolute triple-net-leased coffee shop in the Florida Panhandle on a long-term lease with strong rent increases, zero landlord responsibilities, and strong tenant credit growth potential, providing inflation-resistant income for years to come.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2025
Price
$3,375,000
Price Per SF
$3,552.63
Cap Rate
5.20%
NOI
$175,649
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.70 AC
Zoning
PC09
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dutch Bros
- Accommodation and Food Services
- 950 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dutch Bros | Accommodation and Food Services | 950 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12954-040-000 | Improvements Assessment | $339,619 |
| Land Assessment | $335,412 | Total Assessment | $675,031 |
PROPERTY TAXES
Parcel Number
12954-040-000
Land Assessment
$335,412
Improvements Assessment
$339,619
Total Assessment
$675,031
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Dutch Bros Coffee - 15 Year NNN - Corporate | 2399 Florida 77
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