Skip to main content

Restaurant

Dutch Bros Ground Lease

451 W Vandalia Ave, Porterville, CA 93257

Listing Price: $1,650,000

Cap Rate
5.00%
Tenant Name
BB Holdings, CA, LLC
Years Remaining On Lease
15.1
Gross SF
800
Guarantor
Corporate Guarantee
Rentable SF
800
Price/Gross SF
$2,062.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$103.12

Investment Overview

Marcus & Millichap is pleased to present for sale Dutch Bros Coffee in Porterville, California. Dutch Bros Coffee was founded in 1992 in Grants Pass, Oregon by Dane and Travis Boersma, brothers of Dutch descent. Today, Dutch Bros Coffee is one of the largest publicly-traded drive-thru coffee companies with approximately 671 stores open in 14 states.

The subject property is situated within Riverwalk Marketplace in Porterville, California. Anchored by Lowe’s, this growing shopping center is home to many national tenants. The site is in immediate proximity to over 400 single-family units and 120 multifamily units in development and is a short drive from the Walmart distribution facility, Porterville Development Center, and Porterville College.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Dutch Bros (NYSE: BROS)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2024 Construction with a Drive-Thru
  • 73,330 Residents within a 5-Mile Radius in Growing Porterville Trade Area
  • Situated in Riverwalk Marketplace, Anchored by Lowe's
  • Hard Corner Location Visible to Over 67,700 Cars per Day at the Intersection of South Jaye Street and West Poplar Avenue / Highway 190
  • Immediate Proximity to the Walmart Distribution Center (Over 1,000 Employees) and Porterville College (Over 5,000 Students)
  • Surrounded by National Tenants: ALDI, The Home Depot, Burger King, and More

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Financing By

Restaurant

Dutch Bros Ground Lease

Listing Price: $1,650,000

Cap Rate
5.00%
Tenant Name
BB Holdings, CA, LLC
Years Remaining On Lease
15.1
Gross SF
800
Guarantor
Corporate Guarantee
Rentable SF
800
Price/Gross SF
$2,062.50
Lease Type
NNN Ground Lease
Rent Per Square Feet
$103.12

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Dutch Bros (NYSE: BROS)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2024 Construction with a Drive-Thru
  • 73,330 Residents within a 5-Mile Radius in Growing Porterville Trade Area
  • Situated in Riverwalk Marketplace, Anchored by Lowe's
  • Hard Corner Location Visible to Over 67,700 Cars per Day at the Intersection of South Jaye Street and West Poplar Avenue / Highway 190
  • Immediate Proximity to the Walmart Distribution Center (Over 1,000 Employees) and Porterville College (Over 5,000 Students)
  • Surrounded by National Tenants: ALDI, The Home Depot, Burger King, and More

Investment Overview

Marcus & Millichap is pleased to present for sale Dutch Bros Coffee in Porterville, California. Dutch Bros Coffee was founded in 1992 in Grants Pass, Oregon by Dane and Travis Boersma, brothers of Dutch descent. Today, Dutch Bros Coffee is one of the largest publicly-traded drive-thru coffee companies with approximately 671 stores open in 14 states. The subject property is situated within Riverwalk Marketplace in Porterville, California. Anchored by Lowe’s, this growing shopping center is home to many national tenants. The site is in immediate proximity to over 400 single-family units and 120 multifamily units in development and is a short drive from the Walmart distribution facility, Porterville Development Center, and Porterville College.

Exclusively Listed By

Broker of Record

  • Jim Markel

    First Vice President/Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

Financing By

MM Texture Background
MM Textured Background Lower