- The tenant recently signed a brand new 15-year 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
- Dutch Bros is the fourth largest coffee chain in the US with over 900 locations throughout 12 states and with a goal of reaching 2,029 locations by 2029
- 2025 construction which features high quality materials, distinct design elements, and high-level finishes
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Summerville, SC - Dutch Bros Coffee
101 Angus St | Summerville, SC 29483
Description
Location
- The subject property is ideally located at the signalized hard corner intersection between Marymeade Dr and Berlin G Myers Pkwy (35,000 VPD)
- The subject property benefits from its proximity to some of the best performing retail locations in the nation such as the nearby Lowe’s (91st percentile nationally and 78th percentile in South Carolina for comparable Lowe’s) and Target (82nd percentile nationally and 94th percentile in South Carolina for comparable Target)
- Substantial New Development & Retail In The Submarket
- More than 142,600 residents and 37,100 employees support the trade area
- $100,338 average household income within a 3-mile radius
- 24 miles Northwest from Charleston