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New Dutch Bros | 15 Yr NNN | 39k VPD 30941 Mill Ln 986 SF Retail Building Spanish Fort, AL 36527 $2,670,000 ($2,707.91/SF) 5.65% Cap Rate
Investment Highlights
- New Construction | 15-Year Lease | 10% Increases Every 5 Years
- Dense Retail Corridor | Highway 181 & U.S. Highway 31 Convergence | 62,800 Combined VPD
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Affluent Eastern Shore Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Daphne, Alabama. The tenant, Boersma Bros. LLC (dba Dutch Bros) recently signed a brand new 15-year lease, with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
986 SF
Building Class
B
Year Built
2026
Price
$2,670,000
Price Per SF
$2,707.91
Cap Rate
5.65%
NOI
$150,858
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.49 AC
Zoning
B2 - General Business District
Parking
60 Spaces (60.85 Spaces per 1,000 SF Leased)
Frontage
297’ on hwy 181 Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dutch Bros Coffee
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dutch Bros Coffee | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $159,180 | Total Assessment | $159,180 |
Property Taxes
Parcel Numbers
Land Assessment
$159,180
Improvements Assessment
$0
Total Assessment
$159,180
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