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Restaurant

Dutch Bros (Ground Lease)

801 E Northwest Hwy, Grapevine, TX 76051

Listing Price: $2,054,000

Cap Rate
3.75%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.1
Gross SF
862
Guarantor
Corporate Guarantee
Rentable SF
862
Price/Gross SF
$2,382.83
Lease Type
Ground Lease
Rent Per Square Feet
$89.33

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Dutch Bros ground lease in Grapevine, Texas. The property consists of an 862-square-foot, freestanding building with two drive-thru lanes that sits on approximately 0.69 acres of land. The tenant signed a new 15-year lease, with 10 percent rental escalations scheduled every five years, as well as each option thereafter. The property has excellent access and visibility on East Northwest Highway, where traffic counts exceed 29,890 vehicles per day. The area is extremely dense with more than 246,172 residents within a five-mile radius. This same area has experienced a 42 percent population increase since 2000. The property is less than one mile from popular destinations like Gaylord Texan Resort & Convention Center and Great Wolf Lodge Water Park.

Investment Highlights

  • New 15-Year Ground Lease with Corporate Guarantee
  • Located in Grapevine Station North, the 11-Acre Expansion of the Larger 38-Acre Grapevine Station Development
  • 2022 Construction with Two Drive-Thru Lanes
  • The Development Shares an Intersection with Gaylord Texan Resort & Convention Center and Great Wolf Lodge
  • Excellent Access and Visibility on East Northwest Highway (29,890 VPD)
  • More than 246,172 Residents (Five-Mile Radius)
  • Located Minutes from DFW International Airport - 2nd Busiest Airport in the World by Passenger Traffic
  • Affluent Dallas Submarket - Average Household Income of $158,179 (Three-Mile Radius)

Exclusively Listed By

Financing By

Restaurant

Dutch Bros (Ground Lease)

Listing Price: $2,054,000

Cap Rate
3.75%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.1
Gross SF
862
Guarantor
Corporate Guarantee
Rentable SF
862
Price/Gross SF
$2,382.83
Lease Type
Ground Lease
Rent Per Square Feet
$89.33

Investment Highlights

  • New 15-Year Ground Lease with Corporate Guarantee
  • Located in Grapevine Station North, the 11-Acre Expansion of the Larger 38-Acre Grapevine Station Development
  • 2022 Construction with Two Drive-Thru Lanes
  • The Development Shares an Intersection with Gaylord Texan Resort & Convention Center and Great Wolf Lodge
  • Excellent Access and Visibility on East Northwest Highway (29,890 VPD)
  • More than 246,172 Residents (Five-Mile Radius)
  • Located Minutes from DFW International Airport - 2nd Busiest Airport in the World by Passenger Traffic
  • Affluent Dallas Submarket - Average Household Income of $158,179 (Three-Mile Radius)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Dutch Bros ground lease in Grapevine, Texas. The property consists of an 862-square-foot, freestanding building with two drive-thru lanes that sits on approximately 0.69 acres of land. The tenant signed a new 15-year lease, with 10 percent rental escalations scheduled every five years, as well as each option thereafter. The property has excellent access and visibility on East Northwest Highway, where traffic counts exceed 29,890 vehicles per day. The area is extremely dense with more than 246,172 residents within a five-mile radius. This same area has experienced a 42 percent population increase since 2000. The property is less than one mile from popular destinations like Gaylord Texan Resort & Convention Center and Great Wolf Lodge Water Park.

Exclusively Listed By

Financing By

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