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Dutch Bros | New 15yr Corp Abs NNN w/ Incrs 870 S Jefferson Ave 950 SF Retail Building Cookeville, TN 38501 $2,804,000 ($2,951.58/SF) 5.35% Cap Rate

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Investment Highlights

New 15-Year Lease | Options To Extend | 10% Rental Increases | Corporate Guaranty | 2025 Construction
Prime Retail Corridor | Strong Surrounding Tenancy | Near The #2 Ranked Lowe’s Nationwide | Proximity To Numerous Hotels
New Retail Development | Growing Submarket | Proximity To Nashville |2 Miles From Tennessee Tech (10,700+ Students)

Absolute NNN | Zero Landlord Responsibilities
Excellent Visibility & Access | Strong Trade Area Demographics

Executive Summary

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, absolute NNN leased Dutch Bros investment property located in Cookeville, Tennessee. The tenant recently executed a brand-new 15-year lease with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease is backed by a corporate guaranty from Boersma Bros. LLC, a subsidiary of Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing coffee brands in the U.S. Scheduled 10% rental increases every five years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation. Constructed in 2025, the property features Dutch Bros’ latest prototype design with modern finishes and an optimized drive-thru layout. The lease is structured as absolute NNN with zero landlord responsibilities, offering a true management-free investment ideal for passive or out-of-state investors.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

950 SF

Building Class

Year Built

2025

Price

$2,804,000

Price Per SF

$2,951.58

Cap Rate

5.35%

NOI

$150,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.03

Lot Size

0.73 AC

Opportunity Zone

Yes

Zoning

CG - General Commercial

Parking

12 Spaces (12.63 Spaces per 1,000 SF Leased)

Freeway Visibility
Pylon Sign

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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Dutch Bros is a publicly held drive-thru beverage company founded in 1992 in Grants Pass, Oregon by brothers Dane and Travis Boersma. The business began with a single espresso cart and gradually expanded its offerings to include coffee, teas, lemonades, smoothies, and proprietary energy drinks. Over time, the company developed its own roasting operations and broadened its footprint across multiple states through a mix of company-operated and franchise locations. Dutch Bros has incorporated community-focused initiatives into its operations, developing recurring giveback programs and supporting various causes through its foundation. The company has continued to streamline its organizational structure as it grows, transitioning significant corporate support operations to Tempe, Arizona. Dutch Bros trades on the New York Stock Exchange under the ticker symbol BROS, reflecting its position as a publicly listed enterprise. The company’s historical development includes notable milestones such as the introduction of a branded energy drink line and the establishment of programs that support both local communities and charitable causes.