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Seguin, TX - Dutch Bros
2733 N. Highway 123 Bypass | Seguin, TX 78155
Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Dutch Bros Coffee investment property located in Seguin, Texas. The tenant, BB Holdings TX, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design using high quality materials.
Location
The subject property is strategically located along State Hwy 123 which averages over 22,000 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 10, a major thoroughfare that connects the East Coast to the West Coast which averages 54,000 VPD. The asset is surrounded by multiple hotels including Towneplace Suits, Comfort Inn, Days Inn, Hampton Inn, Holiday Inn Express, further increasing consumer traffic to the property. Other nearby national/credit tenants include Chili’s, Dollar General, Subway, IHOP, Walgreens, Advance Auto Parts, Dollar Tree, and many more. Strong tenant synergy increases consumer draw
to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 39,000 residents and 19,000 employees. Residents within a 5-mile area of the subject property have an average household income of $88,424.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215