Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dutch Bros Coffee asset located at 1600 Ross St in Amarillo, TX (the “Property”). The Property is a new double drive-thru, featuring exceptional access and visibility to Interstate 40 (77,000 CPD), the primary arterial in the economic hub of the high plains Texas panhandle. The location along Ross St sees 15,000 cars per day. The location neighbors dozens of national tenants including McDonald's, Sam's Club, KFC, IHOP, Schlotzsky's, Discount Tire, Marriott, Best Western, Wyndham, and Comfort Inn.
Dutch Bros Coffee is operating under an Absolute NNN lease. The fifteen year lease features 10% rental increases every five years during the base lease term and at the beginning of each of the three, five year renewal option periods. The initial lease term remaining is 13 years and will see its first 10% rent bump in three years.