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44175 Jefferson St
La Quinta, CA 92253
Dutch Bros | 10+Yrs Remain Corp Abs NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Over 10-Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Latest Prototype
- Outparcel to Jefferson Square | Strong National/Credit Tenants | Herritage Palms Golf Club |Six-Figure Income | Direct Consumer Base
- Signalized, Hard Corner Intersection | Drive-Thru Equipped
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Dutch Bros. Coffee investment property located in La Quinta, California (Palm Desert). The tenant, BB Holdings CA, LLC, currently has over 10 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 10% rental increase every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Boersma Bros. LLC and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
862 SF
Building Class
B
Year Built
2020
Price
$2,814,000
Price Per SF
$3,264.50
Cap Rate
4.30%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.58 AC
Zoning
CN - Neighborhood Commercial
Parking
14 Spaces (16.24 Spaces per 1,000 SF Leased)
Frontage
209’ on Jefferson
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 604-521-011 | Improvements Assessment | $2,134,457 |
| Land Assessment | $541,216 | Total Assessment | $2,675,673 |
PROPERTY TAXES
Parcel Number
604-521-011
Land Assessment
$541,216
Improvements Assessment
$2,134,457
Total Assessment
$2,675,673
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