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7952 Normandy Blvd
Jacksonville, FL 32221
Dutch Bros · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN ground lease to Dutch Bros, the second-largest drive-thru coffee chain in the U.S.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Total revenue for Q4 2025 increased by 29% year-over-year.
- 10% rental increases every five (5) years in initial term and four (4) option periods of five (5) years each, ensuring consistent income growth.
- Dutch Bros opened its 1,000th shop in February 2025 and plans to open 1,000 more by 2029.
- Dutch Bros is projecting 2026 revenue near $2.0 billion, alongside continued same store sales growth (estimated approximately 3–5%).
Executive Summary
This property offers a prime retail location with high visibility and easy accessibility near the signalized intersection of Normandy Boulevard and Fouraker Road, which experiences a combined traffic count exceeding 47,000 vehicles per day. The site benefits from reliable tenancy, as Dutch Bros opened its 1,000th shop in February 2025 and has announced plans to open an additional 1,000 locations by 2029.
The surrounding area supports a strong demographic base, with a five-mile radius encompassing a population of 162,595 residents and an average annual household income of $89,982 within one mile. Positioned near major Jacksonville traffic drivers, the property enjoys proximity to Atlantic Beach, Neptune Beach, and Jacksonville Beach, which attract significant tourist and recreational traffic.
The asset features an absolute NNN ground lease, eliminating management responsibilities for ownership by transferring all maintenance and expense obligations, including roof, structure, and parking lot, to the tenant. Additionally, projected income growth within one-, three-, and five-mile radii over the next five years positions both Dutch Bros and the Jacksonville market for sustained, concurrent expansion.
The surrounding area supports a strong demographic base, with a five-mile radius encompassing a population of 162,595 residents and an average annual household income of $89,982 within one mile. Positioned near major Jacksonville traffic drivers, the property enjoys proximity to Atlantic Beach, Neptune Beach, and Jacksonville Beach, which attract significant tourist and recreational traffic.
The asset features an absolute NNN ground lease, eliminating management responsibilities for ownership by transferring all maintenance and expense obligations, including roof, structure, and parking lot, to the tenant. Additionally, projected income growth within one-, three-, and five-mile radii over the next five years positions both Dutch Bros and the Jacksonville market for sustained, concurrent expansion.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
877 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,073,000
Price Per SF
$3,503.99
Cap Rate
5.50%
NOI
$169,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.71 AC
Parking
8 Spaces (9.12 Spaces per 1,000 SF Leased)
1 of 9
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