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Restaurant

Corp. Dutch Bros (NYSE: BROS) w/ Dual Drive-Thru | DFW | 15 Year NNN Lease | 2024 Construction

4688 N Shiloh Road, Garland (DFW MSA), TX 75044

Listing Price: $2,571,429

Cap Rate
5.25%
Tenant Name
Dutch Bros
Years Remaining On Lease
14.7
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,706.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$142.11

Investment Overview

Garland is a city in the U.S. state of Texas. It is located northeast of Dallas and is a part of the Dallas–Fort Worth metroplex. It is located within Dallas County except for small portions located in Collin and Rockwall Counties. At the 2010 census, the city had a population of 226,876. In 2019, the population rose to 239,928, making it the 93rd-most populous city in the United States of America and the 12th-most populous city in Texas; by 2020, it had a population of 246,018. Garland is the third largest city in Dallas County by population and has access to downtown Dallas via public transportation including two Dart Blue Line stations and buses. In the 2000s, Garland added several notable developments, mostly in the northern portion of the city. Hawaiian Falls waterpark opened in 2003. (Garland formerly had a Wet ‘n Wild waterpark, which closed in 1993). The Garland Independent School District’s Curtis Culwell Center (formerly called the Special Events Center),[9] an arena and conference facility, opened in 2005. Later that year, Firewheel Town Center, a Main Street-style outdoor mall, owned by Simon Property Group, opened in October 2005.

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 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 41k Vehicles.
  • Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - in Close Proximity to Several Large Single/Multi-Family and Retail Developments.
  • Densely Populated and Affluent Area: Features an Average Household Income of $101k+ within a 3-Mile Radius and more than 330k People Residing within a 5-Mile Radius. Garland is one of the Fastest-Growing Regions in the Nation.
  • Minutes from Firewheel Town Center - a 1M Sq.Ft. Open-Air Regional Shopping Center offering Brand-Name Department Stores & Boutiques, Restaurants and a Movie Theater.
  • Directly Across from International Leadership of Texas - Garland High School, near Naaman Forest High School, N Garland High School and more, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Walking Distance from Hawaiian Waters Garland - a 12 Acre Waterpark Consisting of 11 water Slides, a Lazy River, an Interactive Water Tree-House, a Wave Pool, and an Activity Pool, as well as Food Stands.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

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) w/ Dual Drive-Thru | DFW | 15 Year NNN Lease | 2024 Construction

Listing Price: $2,571,429

Cap Rate
5.25%
Tenant Name
Dutch Bros
Years Remaining On Lease
14.7
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,706.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$142.11

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2024 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 41k Vehicles.
  • Strong Daytime Employment Area - In Close Proximity to Numerous Call Centers, Business Parks, Dealerships and Regional Office Spaces within Walking Distance or a Short Drive.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - in Close Proximity to Several Large Single/Multi-Family and Retail Developments.
  • Densely Populated and Affluent Area: Features an Average Household Income of $101k+ within a 3-Mile Radius and more than 330k People Residing within a 5-Mile Radius. Garland is one of the Fastest-Growing Regions in the Nation.
  • Minutes from Firewheel Town Center - a 1M Sq.Ft. Open-Air Regional Shopping Center offering Brand-Name Department Stores & Boutiques, Restaurants and a Movie Theater.
  • Directly Across from International Leadership of Texas - Garland High School, near Naaman Forest High School, N Garland High School and more, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Walking Distance from Hawaiian Waters Garland - a 12 Acre Waterpark Consisting of 11 water Slides, a Lazy River, an Interactive Water Tree-House, a Wave Pool, and an Activity Pool, as well as Food Stands.

Investment Overview

Garland is a city in the U.S. state of Texas. It is located northeast of Dallas and is a part of the Dallas–Fort Worth metroplex. It is located within Dallas County except for small portions located in Collin and Rockwall Counties. At the 2010 census, the city had a population of 226,876. In 2019, the population rose to 239,928, making it the 93rd-most populous city in the United States of America and the 12th-most populous city in Texas; by 2020, it had a population of 246,018. Garland is the third largest city in Dallas County by population and has access to downtown Dallas via public transportation including two Dart Blue Line stations and buses. In the 2000s, Garland added several notable developments, mostly in the northern portion of the city. Hawaiian Falls waterpark opened in 2003. (Garland formerly had a Wet ‘n Wild waterpark, which closed in 1993). The Garland Independent School District’s Curtis Culwell Center (formerly called the Special Events Center),[9] an arena and conference facility, opened in 2005. Later that year, Firewheel Town Center, a Main Street-style outdoor mall, owned by Simon Property Group, opened in October 2005.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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