Skip to main content

Restaurant

Dutch Bros Coffee

2531 Iowa St, Lawrence, KS 66046

Listing Price: $2,678,200

Cap Rate
5.75%
Tenant Name
BB Holdings KS, LLC
Years Remaining On Lease
14.8
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,819.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$162.11

Investment Overview

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 876 stores open in 17 states as of March 31, 2024.

Lawrence is located 35 miles west of Kansas City and 25 miles east of Topeka. It is the county seat of Douglas County and is the sixth-largest city in Kansas with 94,934 residents. Lawrence is well known as a college town, home to both the University of Kansas and Haskell Nations University.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Dutch Bros Guaranty (NYSE: BROS)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • New High-Quality 2024 Construction with a Drive-Thru
  • 97,467 Residents within a 5-Mile Radius in Growing Lawrence Trade Area
  • Located Less Than 1 Mile from the University of Kansas (30,000+ Students)
  • Excellent Visibility Along Iowa Street (27,500 Cars per Day)
  • Outparcel to Planet Fitness and Office Depot
  • Dutch Bros is One of the Fastest-Growing Brands in the Quick Service Beverage Industry in the United States with over 870 Locations in 17 States

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Restaurant

Dutch Bros Coffee

Listing Price: $2,678,200

Cap Rate
5.75%
Tenant Name
BB Holdings KS, LLC
Years Remaining On Lease
14.8
Gross SF
950
Guarantor
Corporate Guarantee
Rentable SF
950
Price/Gross SF
$2,819.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$162.11

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Dutch Bros Guaranty (NYSE: BROS)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • New High-Quality 2024 Construction with a Drive-Thru
  • 97,467 Residents within a 5-Mile Radius in Growing Lawrence Trade Area
  • Located Less Than 1 Mile from the University of Kansas (30,000+ Students)
  • Excellent Visibility Along Iowa Street (27,500 Cars per Day)
  • Outparcel to Planet Fitness and Office Depot
  • Dutch Bros is One of the Fastest-Growing Brands in the Quick Service Beverage Industry in the United States with over 870 Locations in 17 States

Investment Overview

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 876 stores open in 17 states as of March 31, 2024. Lawrence is located 35 miles west of Kansas City and 25 miles east of Topeka. It is the county seat of Douglas County and is the sixth-largest city in Kansas with 94,934 residents. Lawrence is well known as a college town, home to both the University of Kansas and Haskell Nations University.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

MM Texture Background
MM Textured Background Lower