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Restaurant

Dutch Bros

1879 Madison St, Clarksville, TN 37043

Listing Price: $2,225,000

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
975
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Dutch Bros Coffee located at 1879 Madison Street in Clarksville, TN. The site consists of roughly 975 rentable square feet of building space on estimated 1.01-acre parcel of land. This Dutch Bros is brand new construction and subject to a 15-year absolute triple-net (NNN) ground lease. Rent is scheduled to commence on the earlier of store opening or June 1, 2022. The store is scheduled to open in July, but rent is estimated to commence on June 1. The annual rent will be $89,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • 10% Rent Increases Every Five Years Throughout the Primary Term and Four, Five-Year Tenant Renewal Options
  • Store Scheduled to Open in July, but a Rent Commencement Date no Later than June 1, 2022

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Listing Price: $2,225,000

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
975
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.28

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Zero Landlord Responsibilities
  • 10% Rent Increases Every Five Years Throughout the Primary Term and Four, Five-Year Tenant Renewal Options
  • Store Scheduled to Open in July, but a Rent Commencement Date no Later than June 1, 2022

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Dutch Bros Coffee located at 1879 Madison Street in Clarksville, TN. The site consists of roughly 975 rentable square feet of building space on estimated 1.01-acre parcel of land. This Dutch Bros is brand new construction and subject to a 15-year absolute triple-net (NNN) ground lease. Rent is scheduled to commence on the earlier of store opening or June 1, 2022. The store is scheduled to open in July, but rent is estimated to commence on June 1. The annual rent will be $89,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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