Investment Overview

The subject property is a freestanding Dutch Bros located in Owasso, Oklahoma, which has a reported 39,350 residents, situated just 14 miles north of the Tulsa International Airport. Newly constructed in 2023, this Dutch Bros consists of ±976 sq. ft. of improvements situated on ±0.826 acres of land. It offers excellent street frontage onto East 116th Street and is less than ½ mile from a Highway 169 on/off ramp. Located directly across the street from this Dutch Bros is a Walmart Neighborhood Market with a Walmart fuel station located at the signalized corner of East 116th Street and North 129th East Avenue. Situated nearby is the Warren Clinic-Urgent Care Facility Owasso that is equipped with 120 beds. Rejoice Christian School is located just 1.3 miles south from the subject property. It offers a complete curriculum from Pre 3-12th grade with a total enrollment of 1,300 students. Also nearby this Dutch Bros is Tulsa Tech Owasso Campus that offers 80 full time career programs and hundreds of part time classes. This campus is a state-of-the-art 256,000 square foot facility that includes a 51,000 square foot Conference Center for public use and student training. There are approximately 12.5 years remaining on the corporate backed lease with attractive 10% fixed rent increases every 5 years. The lease calls for zero landlord responsibilities, making it an ideal management free investment opportunity for a passive investor. Other national retailers in the surrounding area include AutoZone, Walgreen’s, Discount Tire, Taco Bell, McDonald’s, Sonic, Taco Bueno & Starbucks. The 3-mile trade area is support by a population of over 35,120 in 2024 with an Average Household Income of $108,805.