The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a Dutch Bros Coffee in Graham, WA. The Absolute NNN corporate guaranteed lease has over 11.3 years remaining in the primary term with three 5-year option periods. The rapidly growing and publicly traded drivethru coffee chain currently operates over 950 locations across 18 states with 160+ locations to be opened in 2025. With 10% rent increases every 5 years and no landlord responsibilities this asset is ideal for an investor seeking long term passive cash flows. Located within the Seattle MSA (Population: 3.5 million), the 858 SF building with double drive-thru’s is positioned along Meridian E which sees over 22,400 VPD. Nearby retailers include Safeway, Walgreens, Ace Hardware, Dollar Tree, AutoZone, O’Reilly Auto Parts, Starbucks, Jack in the Box, Popeyes and Burger King.
This is a great opportunity to acquire an absolute triple net leased asset in the Seattle area on a long-term lease with rent increases, zero landlord responsibilities, and strong tenant credit growth potential providing inflation resistant income for years to come.