Dutch Bros Coffee

2850 W Andrew Johnson Hwy, Morristown, TN
Deal Type:
Net Lease
Price:
$2,287,867
Cap Rate:
5.30%
Current Rent:
$121,257
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
3, 5-year options
Building Sq. Ft.:
990 SF
Rent Increases:
10% every 5 years
Site Size:
0.68 Acres

Investment Highlights

  • Commitment: Rare, brand new 20-year absolute NNN land and building lease.
  • Tenant Commitment to Site: Significant tenant investment into the development of this location, demonstrating Dutch Brothers commitment to the site (contact agent for details)
  • Location: Great visibility & access from W Andrew Johnson Hwy which has a traffic count of ~ 45,000 VPD.
  • Tenant Credit: Dutch Bros is a growing coffee operator – recent IPO (NYSE: BROS); 800+ unit operator and growing. Dutch Bros (NYSE: “BROS”) recently went public – now valued at over $5.6 billion.
  • National Retailers Include: Publix (Coming soon), Lowe’s, Home Depot, Harbor freight Tools, Tractor Supply Co., Chick-fil-A, Goodwill, Dollar General, Academy Sports, Walmart, Starbucks, Panda Express, Casey’s, and more.
  • Surrounding Medical: 10 minutes from Morristown-Hamblen Healthcare System, 167 beds and Cherokee Lake, 2.5M visitors annually
  • Trade Area: Located inside of dense retail corridor | 1.4M SF within a 2-mile radius | Substantial new development in surrounding area
  • Tax Benefits: No state income tax
  • Local Job Growth: OTICS USA, a leading automotive parts manufacturer, is currently investing $147M into the expansion of their Headquarters in Morristown, creating 70 new jobs in 2024

Listing Agents

Conner Shell

Managing Director
407 913 9009
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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