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Dutch Bros New Absolute NNN 15-Year Lease 2510 Laporte Ave 2,495 SF Retail Building Valparaiso, IN 46383 $3,241,000 ($1,299.00/SF) 5.40% Cap Rate
Investment Highlights
- Brand New 15-Year Absolute Triple-Net Dutch Bros | Zero Landlord Responsibilities
- One Mile from the Valparaiso University Campus
- Surrounded by Top-Ranked Shopping Centers Attracting Millions of Visitors
- Corporately Guaranteed | Dutch Bros is a Rapidly Expanding Brand with 1,081 Locations and is Projected to Grow to 2,029 Shops by 2029
- Target Outlot | Part of Valparaiso Market Place Shopping Center, which Ranks in the Top 5 Percent of Shopping Centers Nationwide by Visits (Placer.ai)
- Average Household Income of $115,087 within a Five-Mile Radius
Executive Summary
This offering features a brand-new 15-year absolute triple-net lease to Dutch Bros to commence May 2026, with zero landlord responsibilities. The lease provides scheduled rental increases during the option periods and includes four 5-year renewal options. As of April 8th, construction is near completion. It is corporately guaranteed by Boersma Bros, LLC, providing strong credit support for a rapidly expanding tenant operating 1,081 locations and projected to grow to 2,029 shops by 2029. The property is a Target outlot within Valparaiso Market Place, a top 5 percent nationally ranked shopping center attracting 5.1 million annual visitors, and is in extremely close proximity to Valparaiso University, home to approximately 2,451 undergraduate and graduate students. The site benefits from excellent visibility and access along Laporte Avenue (18,984 vehicles per day) and near State Road 49 (33,547 vehicles per day). The subject property also offers a strong competitive advantage, most Dutch Bros stores are roughly 950 square feet, this location is 2,454 square feet. The asset is positioned in an affluent and growing trade area with $115,087 average household incomes, 45,080 employees within three miles, and strong historical and projected population growth.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,495 SF
Building Class
B
Year Built/Renovated
2002/2026
Price
$3,241,000
Price Per SF
$1,299.00
Cap Rate
5.40%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.84 AC
Frontage
161’ on Laporte Ave
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64-10-19-429-003.000-004 | Improvements Assessment | $423,000 |
| Land Assessment | $431,200 | Total Assessment | $854,200 |
Property Taxes
Parcel Number
64-10-19-429-003.000-004
Land Assessment
$431,200
Improvements Assessment
$423,000
Total Assessment
$854,200
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Adrian Mendoza -
Phoebe Klein -
Sharko | Weisenbeck | Mendoza Group
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Dutch Bros New Absolute NNN 15-Year Lease | 2510 Laporte Ave
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