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Dutch Bros | New 15yr Corp Abs NNN 566 1st N st 950 SF Retail Building Alabaster, AL 35007 $2,762,000 ($2,907.37/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15 Year Lease | Corporate Guaranteed |March 2026 Grand Opening | Scheduled Rental Increases
- US-31/1st Street N (25,600 VPD) | Interstate 65 (67,000 VPD) | Propst Promenade (725,000 SF)
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Baptist Health Shelby Hospital | Primary Retail Corridor
EXECUTIVE SUMMARY
• Tenant recently signed a brand new 15-year build to suit to lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• Lease is corporate guaranteed by Boersma Bros LLC
• Scheduled for March 2026 grand opening
• Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Lease is corporate guaranteed by Boersma Bros LLC
• Scheduled for March 2026 grand opening
• Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,762,000
Price Per SF
$2,907.37
Cap Rate
5.25%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.52 AC
Zoning
B3 - Community Business
Parking
10 Spaces (10.53 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dutch Bros
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dutch Bros | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-7-35-4-001-005-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $202,360 |
PROPERTY TAXES
Parcel Number
13-7-35-4-001-005-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$202,360
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Dutch Bros | New 15yr Corp Abs NNN | 566 1st N st
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