Investment Overview

NEW 15 YEAR NNN CORPORATE DUTCH BROS WITH 10% RENT INCREASES • The subject property features a 15 year NNN corporate lease with 10% rent increases every 5 years in the initial lease term and options. • This property is currently under construction and features a drive-thru with two access points. Rent is scheduled to commence in May 2025. • There are 100% no landlord responsibilities. • Tenant is responsible for all expenses including taxes, insurance, parking lot, roof, and structure. LESS THAN 1 MILE FROM WALMART AND LOWE’S HOME IMPROVEMENT • This Dutch Bros is located near Walmart and Lowe’s Home Improvement in the main retail corridor in Jefferson City on Hwy 11 (26,100 VPD). • Uniquely positioned on Highway 11 (26,100 VPD), the main highway that connects Morristown to Knoxville, TN. • Additional new development on this corridor includes a new Arby’s, Tidal Wave Auto Spa, and City Point Center. • There are also new industrial and warehouse developments in Jefferson City that are adding 150 new jobs to the community. • This store is less than a mile from Carson-Newman University which supports 2,585 students and 250 faculty members. KNOXVILLE MSA | 3RD LARGEST CITY IN TN • Jefferson City is 30 minutes northeast of downtown Knoxville and a part of the Knoxville MSA. • Knoxville is the largest city in the East Tennessee Grand Division and the state’s third-largest city after Nashville and Memphis. • Home to the University of Tennessee which has 36,304 students enrolled and nearly 10,000 staff members. • The largest company based in Knoxville is the privately-held Pilot Flying J, the nation’s largest truck stop chain and sixth largest private company. • Over 700 manufacturing establishments are scattered throughout the Knoxville area. Sea Ray Boats is the city’s largest manufacturer, employing 760 residents. • The Knoxville area is home to 182 shopping centers and factory outlets, and over 2,400 retail establishments. DUTCH BROS COFFEE | $1.28B COMPANY WITH 1,000 LOCATIONS • Founded in 1992, Dutch Bros is a publicly traded (NYSE: BROS) growing drive thru coffee chain that’s dedicated to providing excellent service and quality coffee. • The company achieved total revenues of $1.28 billion, a 32.6% increase from $965.8 million in 2023. • In fourth quarter 2024, system same store sales increases by 6.9% from Q3 2024 and 5.3% from Q4 2023. • In 2024, Dutch Bros opened 151 new shops across 18 states with plans to open 160 locations in 2025. This expansion brought the total number of locations to 1,000. • Per March 2024, Costar report, Dutch Bros ranks no. 3 among US coffee and bakery Chains based on store sales.