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Restaurant

Dutch Bros Coffee (Las Vegas) - Albertsons Adjacent

6884 N Hualapai Way, Las Vegas, NV 89149

Listing Price: $2,362,500

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
865
Lease Type
Double Net
Rent Per Square Feet
$109.25

Investment Overview

Marcus and Millichap is proud to present: Corporate Guaranteed Dutch Bros for Sales in Las Vegas (Nevada) with Long Term Lease with initial 15 year lease (2018) with Three (3), Five (5) year options to extend, demonstrating their long term commitment to the site. The lease features an attractive increase rental structure of 10% increases in base rent every 5 years and Management Free Tenant Responsibilities so tenant pays for property tax, HVAC maintenance, CAMs. Tax Free Income State allowing landlord to seek continued depreciation on the building with additional tax free income. 36% increase in Revenue from 2020 ($327 Million) to 2021 ($447 Million). Due to focused drive thru business model concept, Dutch Bro has grown to over 540+ units throughout the country New developments in surrounding area include Providence Master Planned Community (7,500 homes) and Skye Canyon Master Planned Community (9.000 Homes), new Albertson’s shopping center with local and nationally recognized tenants such as Auto Zone, Taco Bell, Chevron, and many more. Average Household Income Exceeds $90,000

Investment Highlights

  • Corporate Guarantee Dutch Bros for Sales in Las Vegas (Nevada)
  • Corporate Guaranteed lease | publicly traded Dutch Bro has a market cap exceeding $7.8 Billion which is a direct correlation to the value of the guarantee
  • Long Term Lease | The tenant signed a 15 year lease (2018) with Three (3), Five (5) year options to extend, demonstrating their long term commitment to the site
  • The lease features an attractive increase rental structure of 10% increases in base rent every 5 years
  • Management Free Tenant Responsibilities | Tenant Pays for Property Tax, HVAC Maintenance, CAM
  • Minimal Landlord Responsibilities | Landlord Covers Structure, Roof, Parking, and HVAC Replacement. Ideal, Management—free investment for passive investor.
  • Tax Free Income State | Allow Landlord to seek continued depreciation on the building with additional tax free income. 36% increase in Revenue from 2020 ($327 Million) to 2021 ($447 Million) | Due to focused drive thru business model concept, Dutch Bro has grown to over 540+ units throughout the country
  • New Development | New Development surrounding subject property from the Providence Master Planned Community (7,500 homes) and Skye Canyon Master Planned Community (9.000 Homes), New Albertson's shopping center with local and nationally recognized tenants such as Auto Zone, Taco Bell, Chevron, and many more

Exclusively Listed By

  • Ryan Shook

    First Vice President Investments

    (949) 419-3200

    Email Ryan

    License(s): CA: 01320431, ID: PR52281, OR: 201240182, NV: BS.0146249

    Orange County

Broker of Record

  • Justin L. Forman

    First Vice President Investments

    (702) 215-7100

    License(s) NV: B.1002463.CORP

    Nevada

Restaurant

Dutch Bros Coffee (Las Vegas) - Albertsons Adjacent

Listing Price: $2,362,500

Cap Rate
4.00%
Tenant Name
Dutch Bros
Years Remaining On Lease
10.7
Guarantor
Corporate Guarantee
Rentable SF
865
Lease Type
Double Net
Rent Per Square Feet
$109.25

Investment Highlights

  • Corporate Guarantee Dutch Bros for Sales in Las Vegas (Nevada)
  • Corporate Guaranteed lease | publicly traded Dutch Bro has a market cap exceeding $7.8 Billion which is a direct correlation to the value of the guarantee
  • Long Term Lease | The tenant signed a 15 year lease (2018) with Three (3), Five (5) year options to extend, demonstrating their long term commitment to the site
  • The lease features an attractive increase rental structure of 10% increases in base rent every 5 years
  • Management Free Tenant Responsibilities | Tenant Pays for Property Tax, HVAC Maintenance, CAM
  • Minimal Landlord Responsibilities | Landlord Covers Structure, Roof, Parking, and HVAC Replacement. Ideal, Management—free investment for passive investor.
  • Tax Free Income State | Allow Landlord to seek continued depreciation on the building with additional tax free income. 36% increase in Revenue from 2020 ($327 Million) to 2021 ($447 Million) | Due to focused drive thru business model concept, Dutch Bro has grown to over 540+ units throughout the country
  • New Development | New Development surrounding subject property from the Providence Master Planned Community (7,500 homes) and Skye Canyon Master Planned Community (9.000 Homes), New Albertson's shopping center with local and nationally recognized tenants such as Auto Zone, Taco Bell, Chevron, and many more

Investment Overview

Marcus and Millichap is proud to present: Corporate Guaranteed Dutch Bros for Sales in Las Vegas (Nevada) with Long Term Lease with initial 15 year lease (2018) with Three (3), Five (5) year options to extend, demonstrating their long term commitment to the site. The lease features an attractive increase rental structure of 10% increases in base rent every 5 years and Management Free Tenant Responsibilities so tenant pays for property tax, HVAC maintenance, CAMs. Tax Free Income State allowing landlord to seek continued depreciation on the building with additional tax free income. 36% increase in Revenue from 2020 ($327 Million) to 2021 ($447 Million). Due to focused drive thru business model concept, Dutch Bro has grown to over 540+ units throughout the country New developments in surrounding area include Providence Master Planned Community (7,500 homes) and Skye Canyon Master Planned Community (9.000 Homes), new Albertson’s shopping center with local and nationally recognized tenants such as Auto Zone, Taco Bell, Chevron, and many more. Average Household Income Exceeds $90,000

Exclusively Listed By

  • Ryan Shook

    First Vice President Investments

    (949) 419-3200

    Email Ryan

    License(s): CA: 01320431, ID: PR52281, OR: 201240182, NV: BS.0146249

    Orange County

Broker of Record

  • Justin L. Forman

    First Vice President Investments

    (702) 215-7100

    License(s): NV: B.1002463.CORP

    Nevada

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