•	The tenant has 20 years remaining on their lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
•	The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
•	Founded in 1992, Dutch Bros Coffee is a publicly traded Coffee Chain (NYSE: BROS), with 800 locations throughout 14 states
•	2024 construction which features high quality materials, distinct design elements, and high-level finishes

Offering Memorandum

•	Dutch Bros is strategically fronting US Hwy 1 (26,000 VPD) and has better visibility than the adjacent Starbucks, attracting more users to the site
•	The new Mr. Clean Car Wash being built next to Dollar Tree will provide another steady consumer base, along with Nease High School (3,115-students) , located 5 miles North of the subject site
•	The immediate trade area is undergoing new development such as the newly built Shoppes at Palencia Commons, a Publix-anchored shopping center
•	The Circle K located next door to the subject property ranks in the top 79% of all locations nationwide according to Placer.ai (810 out of 3,936)

St. Augustine, FL - Dutch Bros

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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St. Augustine, FL - Dutch Bros

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Britt Raymond

Kyle Fant