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Restaurant

Dutch Bros Ground Lease

605 S West St, Wichita, KS 67213

Listing Price: $1,327,000

Cap Rate
5.50%
Tenant Name
Dutch Bros
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
950
Lease Type
NNN Ground Lease
Rent Per Square Feet
$76.84

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. The company’s total revenue for FY 2023 grew 30.7 percent to $966 million as compared to $739 million in 2022.
Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888.

Investment Highlights

  • 13 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every 5 Years
  • New 2022 Construction
  • Located Near Towne West Sqaure - Tenants include JcPenny, Dillard's, Dick's Sporting Goods and more
  • 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 Ground Lease

Listing Price: $1,327,000

Cap Rate
5.50%
Tenant Name
Dutch Bros
Years Remaining On Lease
12.8
Guarantor
Franchisee Guarantee
Rentable SF
950
Lease Type
NNN Ground Lease
Rent Per Square Feet
$76.84

Investment Highlights

  • 13 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every 5 Years
  • New 2022 Construction
  • Located Near Towne West Sqaure - Tenants include JcPenny, Dillard's, Dick's Sporting Goods and more
  • 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. The company’s total revenue for FY 2023 grew 30.7 percent to $966 million as compared to $739 million in 2022. Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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