1002 E Tyler St - Fast Food FOR SALE


Athens, TX 75751
$2,152,000 USD
415-413-3005
1002 E Tyler St, Athens, TX for Sale
$2,152,000 USD
Fast Food - FOR SALE
1/6
null | 5.75% Cap Rate

1002 E Tyler St
Athens, TX 75751


HIGHLIGHTS

  • New 15-year absolute NNN corporate lease with 10% rental increases every five years
  • Dutch Bros (NYSE: “BROS”) went public in 2021 – now valued at over $6.4 billion
  • Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the U.S. by location count with 847 locations
  • New high-quality 2023 construction built to latest Dutch Bros prototype and projected to be completed in the fall of 2023
  • High-visibility and easily accessible location along East Tyler Street (15,854 AADT)
  • Positioned in a growing retail corridor with major fast food chains such as Hwy 55, DQ, Burger King, Panda Express, and Starbucks

OVERVIEW

High-Visibility and Easily Accessible Location: Located in a burgeoning retail corridor along East Tyler Street (15,854 AADT) Interparcel Access from Nearby Tenants: Surrounded by notable tenants such as Hwy 55, Dairy Queen, Panda Express, and Starbucks Ideally Set in Large Retail Corridor: The property is located across from the Athens Village Shopping Center with national retailers such as Walgreens, Bealls, Cinemark, AT&T, McDonald’s, and more, creating significant crossover shopping Beneficial Proximity to Large Schools: The site benefits from its proximity to Trinity Valley Community College (7,743 students), Athens High School (899 students), and Central Athens Elementary School (538 students) Reliable Customer Base: 17,436 residents with an annual average household income of $68,813 live within a five-mile radius of the site Projected Population and Income Increases: A 10+% increase in average household income within 1-, 3-, and 5-mile radii over the next five years poise Dutch Bros and Athens for steady concurrent growth

FOR SALE DETAILS

PRICE

$2,152,000 USD

PRICE/SF

$2,261 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,939 SF

ZONING

-

APN/PARCEL ID

2050-0119-0020-01

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.