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Restaurant

Corp. Dutch Bros (NYSE: BROS) Coffee w/ Dr-Thru | Dallas-Fort Worth MSA | 15 Year NNN Ground Lease

5205 Rufe Snow Dr, North Richland Hills (DFW Metro), TX 76180

Listing Price: $2,300,000

Cap Rate
4.00%
Tenant Name
Dutch Bros Coffee
Years Remaining On Lease
14.5
Gross SF
810
Guarantor
Corporate Guarantee
Rentable SF
810
Price/Gross SF
$2,839.51
Lease Type
NNN Ground Lease
Rent Per Square Feet
$113.58

Investment Overview

North Richland Hills, incorporated in 1953, is a growing community located in the heart of the Dallas-Fort Worth Metroplex. North Richland Hills, commonly known as NRH, is a city inside Tarrant County, Texas, and a mid-to-high-end suburb of Fort Worth. The City’s population was 69,917 as of the 2020 United States Census. Since 2010, North Richland Hills has grown by 13 percent in total population, adding over 8,100 residents, and is likely to reach 80,000 residents by 2030. North Richland Hills is the third-largest city in Tarrant County and is only 10 minutes from Downtown Fort Worth and 25 minutes from Downtown Dallas. Interstate Loop 820 and Texas 121/183 (“Airport Freeway”) traverse the City, providing freeway access to five additional interstates and numerous U.S. and state highways. The City is also conveniently located 10 minutes from Dallas/Fort Worth International Airport and 15 minutes from Alliance Airport. North Richland Hills maintains a diverse mix of 1,200 brick-and-mortar businesses with 14 primary employers representing 5,000 full-time jobs within the healthcare, finance, aerospace, and supply chain sectors. While many professionals began to work from home due to the COVID pandemic, the City was able to welcome 11 different office-based businesses adding 226 professional jobs and absorbing 101,948 square feet of space. North Richland Hills continues to grow as all major economic indicators are trending in the right direction and it remains geographically positioned as the main link between bustling downtown Fort Worth and affluent Northeast Tarrant County.

Investment Highlights

  • 15 Year Corporate Backed NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction with a Dedicated Dual-Lane Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 40k Vehicles.
  • Shadow-Anchored by Walmart Supercenter and Sam's Club-Anchored Shopping Center. Near Numerous other National Retailers including The Home Depot, Burlington, WinCo and more.
  • Pad to Santander Office Campus - Surrounded by High-Density Single-Family Housing Developments and Large Apartment Complexes. Walking distance to Wood Meadow Apartments (222 Units), Shadow Creek (240 Units), and Grayson Ridge Apartment Homes (240 Units).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $91k within a 1-Mile Radius and over 291k People Residing within a 5-Mile Radius.
  • Beneficial Proximity to Dallas Fort Worth International (63.4 Million Travelers, $37 Billion in Economic Impact on North Texas Region) and Fort Worth Meacham International Airport (928 Employees).
  • A Short Drive from North East Mall - a 2.1M+ Sq. Ft. Shopping Center featuring more than 140 Retail Stores, Restaurants and an 18-Screen Cinemark Movie Theater.
  • Minutes from Medical City North Hills - an Award-Winning Hospital and Medical Center featuring 164 Licensed Beds, 880+ Physicians and more than 48k Annual ER Visits and Outpatient Visits. Walking Distance from Richland High School, which has an Enrollment of over 2,045 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Corp. Dutch Bros (NYSE: BROS) Coffee w/ Dr-Thru | Dallas-Fort Worth MSA | 15 Year NNN Ground Lease

Listing Price: $2,300,000

Cap Rate
4.00%
Tenant Name
Dutch Bros Coffee
Years Remaining On Lease
14.5
Gross SF
810
Guarantor
Corporate Guarantee
Rentable SF
810
Price/Gross SF
$2,839.51
Lease Type
NNN Ground Lease
Rent Per Square Feet
$113.58

Investment Highlights

  • 15 Year Corporate Backed NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2021 Construction with a Dedicated Dual-Lane Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 40k Vehicles.
  • Shadow-Anchored by Walmart Supercenter and Sam's Club-Anchored Shopping Center. Near Numerous other National Retailers including The Home Depot, Burlington, WinCo and more.
  • Pad to Santander Office Campus - Surrounded by High-Density Single-Family Housing Developments and Large Apartment Complexes. Walking distance to Wood Meadow Apartments (222 Units), Shadow Creek (240 Units), and Grayson Ridge Apartment Homes (240 Units).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $91k within a 1-Mile Radius and over 291k People Residing within a 5-Mile Radius.
  • Beneficial Proximity to Dallas Fort Worth International (63.4 Million Travelers, $37 Billion in Economic Impact on North Texas Region) and Fort Worth Meacham International Airport (928 Employees).
  • A Short Drive from North East Mall - a 2.1M+ Sq. Ft. Shopping Center featuring more than 140 Retail Stores, Restaurants and an 18-Screen Cinemark Movie Theater.
  • Minutes from Medical City North Hills - an Award-Winning Hospital and Medical Center featuring 164 Licensed Beds, 880+ Physicians and more than 48k Annual ER Visits and Outpatient Visits. Walking Distance from Richland High School, which has an Enrollment of over 2,045 Students, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students and Teachers.

Investment Overview

North Richland Hills, incorporated in 1953, is a growing community located in the heart of the Dallas-Fort Worth Metroplex. North Richland Hills, commonly known as NRH, is a city inside Tarrant County, Texas, and a mid-to-high-end suburb of Fort Worth. The City’s population was 69,917 as of the 2020 United States Census. Since 2010, North Richland Hills has grown by 13 percent in total population, adding over 8,100 residents, and is likely to reach 80,000 residents by 2030. North Richland Hills is the third-largest city in Tarrant County and is only 10 minutes from Downtown Fort Worth and 25 minutes from Downtown Dallas. Interstate Loop 820 and Texas 121/183 (“Airport Freeway”) traverse the City, providing freeway access to five additional interstates and numerous U.S. and state highways. The City is also conveniently located 10 minutes from Dallas/Fort Worth International Airport and 15 minutes from Alliance Airport. North Richland Hills maintains a diverse mix of 1,200 brick-and-mortar businesses with 14 primary employers representing 5,000 full-time jobs within the healthcare, finance, aerospace, and supply chain sectors. While many professionals began to work from home due to the COVID pandemic, the City was able to welcome 11 different office-based businesses adding 226 professional jobs and absorbing 101,948 square feet of space. North Richland Hills continues to grow as all major economic indicators are trending in the right direction and it remains geographically positioned as the main link between bustling downtown Fort Worth and affluent Northeast Tarrant County.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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