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Restaurant

Corp. Dutch Bros (NYSE: BROS) Coffee w/ Dual Drive-Thru | Adjacent to New Amazon Distribution Center

12067 O'Connor Rd, San Antonio, TX 78233

Listing Price: $2,444,444

Cap Rate
4.50%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.1
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,573.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$115.79

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Dual Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility near a Signalized Intersection w/Daily Combined Traffic Counts Exceeding 51k Vehicles.
  • Directly Adjacent to a New Construction Amazon Last Mile Distribution Center - Providing Natural Customer Base due to Increased Workforce Traffic. Expected Completion around Q4 2022.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Densely Populated Area: Features more than 238k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Strong Daytime Employment Area - Surrounded by Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • Near Methodist Hospital Northeast - a 153-Bed Facility serving the Healthcare needs of the Surrounding Randolph Metrocom Community of Northeast San Antonio.
  • Minutes from San Antonio International Airport - Averages 260 Daily Departures and Arrivals with more than 4 Million Annual Passengers & 160k+ Annual Total Aircraft Operations. Immediate access to I-35 (225k+ VPD). A Short Drive from Live Oak Town Center - an 870k Square Foot Retail/Mixed use Development Anchored by South Texas' only Ikea Furniture Store.

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/ Dual Drive-Thru | Adjacent to New Amazon Distribution Center

Listing Price: $2,444,444

Cap Rate
4.50%
Tenant Name
Dutch Bros
Years Remaining On Lease
15.1
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,573.10
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$115.79

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Dual Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access & Excellent Visibility near a Signalized Intersection w/Daily Combined Traffic Counts Exceeding 51k Vehicles.
  • Directly Adjacent to a New Construction Amazon Last Mile Distribution Center - Providing Natural Customer Base due to Increased Workforce Traffic. Expected Completion around Q4 2022.
  • Immediate Area Experiencing Major Growth: Site is Surrounded by Dense Residential Neighborhoods, Apartment Complexes, and Numerous Amenities Including Parks, Schools, and More.
  • Densely Populated Area: Features more than 238k People Residing within a 5-Mile Radius. The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Strong Daytime Employment Area - Surrounded by Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • Near Methodist Hospital Northeast - a 153-Bed Facility serving the Healthcare needs of the Surrounding Randolph Metrocom Community of Northeast San Antonio.
  • Minutes from San Antonio International Airport - Averages 260 Daily Departures and Arrivals with more than 4 Million Annual Passengers & 160k+ Annual Total Aircraft Operations. Immediate access to I-35 (225k+ VPD). A Short Drive from Live Oak Town Center - an 870k Square Foot Retail/Mixed use Development Anchored by South Texas' only Ikea Furniture Store.

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

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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