Dutch Bros | Absolute NNN Ground Lease | 15-Year Lease

Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, absolute NNN ground lease Dutch Bros in Albuquerque, NM. Dutch Bros is operating under a 15-year lease with 10% increases every 5 years. The asset is located near the southwest corner of Wyoming Blvd and San Antonio Dr in the Northeast Heights submarket. This submarket has some of the highest income levels across the city. It is a dense, in-fill trade area with very high barriers to entry. Neighboring tenants include Albertsons, McDonald’s, Walgreens, and Sports & Wellness. In addition, it is located directly across the street from Albuquerque Academy, a nationally recognized, private education institution.

The Tenant is currently under construction on a drive thru building on about 0.96 acres. Dutch Bros is a strong credit tenant that is expanding rapidly across the country. Dutch Bros has over 1,020 locations with many more planned and under construction. The company went public in 2021 and is traded on the NYSE.

The Tenant is operating under an absolute NNN ground lease with zero landlord responsibilities. The lease features a corporate guaranty and 10% rent increases every five years.

This investment benefits from the new long-term lease, passive lease structure, and its exceptional location. The site is located in a high barrier to entry submarket with very strong demographics. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.

Dutch Bros - Absolute NNN Ground LeaseNew

15-Year Lease

• Scheduled rental increases of 10% every 5 years

• (3) 5-year options to extend

Absolute NNN Ground Lease

• Zero landlord responsibilities

Low ground rent - $95,000

Strong credit Tenant with rapid growth

• “BROS” is traded on the NYSE

• Over 1,020+ locations and growing

Land Size: +/- 0.96 Acres

Excellent real estate fundamentals

• Traffic counts exceed 52,300 VPD at the intersection of San Antonio Dr and Wyoming Blvd

• Full access to site

• Located just east of Interstate 25

• Neighboring tenants include Albertsons, McDonald’s, Walgreens, and Sports & Wellness among many others

High barrier to entry Northeast Heights submarket

• Dense, in-fill location with strong demographics

• Across the street from long-term, nationally recognized, private education institution (Albuquerque Academy)