•	The tenant recently signed a brand new 15-year lease with 4 (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
•	2023 construction which features high quality materials, distinct design elements, and high-level finishes
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	No landlord responsibilities
•	Investor benefits from leased fee interest (land ownership)
•	Ideal, management-free investment for a passive investor in a state with no state income tax

Offering Memorandum

•	Subject property is strategically located off the signalized, hard corner intersection of Gallatin Pike N and Myatt Dr averaging 53,500 combined VPD
•	Dutch Bros is part of a larger development that features TJ Maxx, Olive Garden, Whataburger, Concentra, and more
•	The strong tenant synergy will promote significant crossover store exposure to
the site
•	The immediate trade area is supported by a strong big box retailer presence from The Home Depot, Target, Walmart Supercenter, PetSmart, Hobby Lobby, and more
•	Less than 3 miles from Interstate 65 (176,600 VPD), providing direct on/off ramp access for travelers
•	The asset is equipped with a drive-thru, providing ease and convenience for customers
•	Drive-thru stores generate significantly higher sales and increase productivity
•	More than 109,000 residents and 50,000 employees support the trade area
•	$82,876 average household income

Madison, TN - Dutch Bros

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

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Madison, TN - Dutch Bros

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Andrew Fallon