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Dutch Bros | Ankeny, IA 315 NW 36th Street St 986 SF Retail Building Ankeny, IA 50023 $3,075,000 ($3,118.66/SF) 5.50% Cap Rate
Investment Highlights
- 2026-Construction, Single-Tenant, Double-Drive-Thru Dutch Bros; 15-Year Absolute NNN Corporate Lease:
- 10% rent increases every 5 years during the initial term and each of the three 5-year option periods
- Dutch Bros’ System-Wide AUV Reached a Record $2.2 Million (Q1 2026)
- 15-year absolute NNN corporate lease; zero landlord responsibilities
- Strong Corporate Guarantee; Publicly Traded Corporate Tenant (NYSE: BROS); Fastest-Growing Coffee Brand in the U.S.
- Ankeny, Iowa: One of America’s Fastest-Growing & Highest-Ranked Cities
Executive Summary
15-Year Corporate Absolute Net Lease; Zero Landlord Responsibilities | Publicly-Traded Corporate Tenant (NYSE: BROS); Fastest-Growing Coffee Brand in the U.S. | Des Moines, IA; #1 “Fastest-Growing Major Metro in the Midwest” ? U.S. Census Bureau (2026)
Property Facts
Sale Type
Investment
Property Type
Building Size
986 SF
Year Built
2026
Price
$3,075,000
Price Per SF
$3,118.66
Cap Rate
5.50%
NOI
$169,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.10 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dutch Bros
- Retailer
- 986 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dutch Bros | Retailer | 986 SF | - | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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