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Dutch Bros. Coffee 2900 Churn Creek Rd 500 SF Retail Building Redding, CA 96002 $2,040,000 ($4,080/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Dutch Bros. – 10 Year Lease with Strong Early Franchisee
- Operating Successfully Since 2006 - Year Over Year Sales Growth
- Surrounding Tenants Include Lowe’s Dollar Tree, CVS, Grocery Outlet and many others
- Absolute NNN Lease - Zero Landlord Responsibility
- 2% Annual Rental Increases After Year Five
EXECUTIVE SUMMARY
Colliers National Net Lease Group is pleased to present an opportunity to purchase a well-established single-tenant net-leased asset occupied by a large Dutch Bros Franchisee, subject to a new 10-year lease sale leaseback and 2% increases annually. This location has been successfully operating since 2006 with significant year-over-year sales growth. The subject property sits one block East of the 5 Freeway along the “going to work” side and a strong retail corridor. Surrounding tenants that sit along Churn Creek Rd include Dollar Tree, Lowe’s, CVS, and many others. This location has been successfully operating for going on 20 years and has grown into a staple within the community. This is an excellent opportunity to purchase a STNL Dutch Bro’s with solid increases and zero landlord responsibility, providing true long-term passive income.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
500 SF
Building Class
C
Year Built
2003
Price
$2,040,000
Price Per SF
$4,080
Cap Rate
5%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.27 AC
Zoning
GC - General Commercial
Parking
15 Spaces (30 Spaces per 1,000 SF Leased)
Frontage
160’ on Churn Creek Rd
AMENITIES
- Signage
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 107-350-015-000 | Improvements Assessment | $1,034,677 |
| Land Assessment | $318,362 | Total Assessment | $1,353,039 |
PROPERTY TAXES
Parcel Number
107-350-015-000
Land Assessment
$318,362
Improvements Assessment
$1,034,677
Total Assessment
$1,353,039
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Dutch Bros. Coffee | 2900 Churn Creek Rd
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