Marcus & Millichap Announces the Sale of Dutch Bros Coffee, a 950-SF Net-Leased Property in Georgetown, Texas

GEORGETOWN, Texas, June 21, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Dutch Bros Coffee, a 950-square-foot net-leased property located in Georgetown, Texas.

“The property was on the market for one month and the buyer is using the property to satisfy his 1031 exchange requirement. The seller is a large developer for Dutch Bros around the country,” said Zack House, investment specialist in Marcus & Millichap’s Phoenix office. House, along with Chris Lind and Mark Ruble, investment specialists in the firm’s Phoenix office had the exclusive listing to market the property on behalf of the seller, a limited liability company. Texas broker of record, Tim Speck, assisted in closing this transaction.

Dutch Bros Coffee is located at 3004 FM1460 in Georgetown, Texas, the fastest growing city in the United States among cities with more than 50,000 residents. Households and population in the surrounding area are projected to increase by 14 percent by 2027. With a brand new 15-year absolute triple-net lease, this location will experience a 10-percent rental increase every five years. The asset is situated two miles off the Interstate 35, providing a direct route to Downtown Austin, Texas.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.