Dutch Bros 514-516 N Belt Hwy 950 SF Retail Building Saint Joseph, MO 64506 $2,818,000 ($2,966.32/SF) 5.60% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire an absolute NNN lease investment tenanted by Dutch Bros. Coffee, one of the fastest-growing drive-thru beverage brands in the United States. The property is secured by a corporate-guaranteed lease and offers investors a highly passive income stream with zero landlord responsibilities and long-term contractual rent growth.
Founded in 1992, Dutch Bros has rapidly expanded to over 1,080 locations across 24 states, supported by a loyal customer base and a high-volume, drive-thru–focused operating model. The company has articulated an aggressive long-term growth strategy targeting 2,000+ locations by 2029, with a total U.S. market opportunity exceeding 7,000 potential stores. Dutch Bros is publicly traded on the NYSE under the ticker BROS and reported 2025 revenue guidance of approximately $1.61–$1.615 billion, underscoring the brand’s strong unit economics and national momentum.
The property is strategically located along Belt Highway, a primary north–south arterial and major traffic corridor in St. Joseph, Missouri, providing excellent visibility and accessibility. The surrounding trade area is supported by solid residential density, average household incomes exceeding $83,000 within a five-mile radius, and proximity to Missouri Western State University, located approximately two miles from the site.
This offering represents an opportunity to acquire a new-construction Dutch Bros investment with long-term absolute NNN structure, strong brand fundamentals, and real estate positioned for durable cash flow and long-term value.