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Dutch Bros 870 S Jefferson Ave 950 SF Retail Building Cookeville, TN 38501 $2,803,738 ($2,951.30/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategic Positioning Between the #1 Nationally Ranked Lowe’s and a 96th Percentile Walmart
- Strong Corporate Guarantee
- Strong Surrounding Tenant Performance Among National Coffee Brands
- New Construction
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Dutch Bros located at 870 S Jefferson Avenue, Cookeville, TN 38501. The site consists of roughly 950 rentable square feet of building space on an estimated 0.60-acre parcel of land. This Dutch Bros is subject to a 15-year Triple Net (NNN) lease which will commence upon business opening. The annual rent will be $150,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
950 SF
Building Class
C
Year Built/Renovated
1983/2025
Price
$2,803,738
Price Per SF
$2,951.30
Cap Rate
5.35%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.60 AC
Opportunity Zone
Yes
Parking
26 Spaces (27.37 Spaces per 1,000 SF Leased)
Frontage
157’ on Jefferson Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 066-030.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $176,800 |
PROPERTY TAXES
Parcel Number
066-030.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$176,800
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Dutch Bros | 870 S Jefferson Ave
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