Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment property located at 2401 Highway 377, Westlake, TX 76227 (the “Property”). The +/- 950 SF single tenant drive-thru building is on +/- 28,749 SF street frontage parcel.
With a 15-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income-producing commercial property with a high-growth QSR industry-leading tenant that has mastered the drive-thru business model of serving coffee and assorted energy drinks to on-the-go customers. Dutch Bros Inc. is a publicly traded company listed on the NYSE with a current market cap of over $5 Billion (December 2023).
The Dallas–Fort Worth–Arlington metro area (“DFW” metroplex), with a population of 7,800,000, is one of the fastest growing metropolitan areas in the United States. DFW is an economic powerhouse that generated over $598 Billion in GDP during 2022. Exxon Mobil, McKesson, AT&T, American Airlines Group, Kimberly-Clark, DR Horton, 7-Eleven, Texas Instruments, BNSF Railway, Southwest Airlines and many other corporate headquarters are in the DFW area. The local area is commercially active with 43,085 employees working at 5,591 businesses within 5 miles of the Property. Facebook, Samsung, 3M, BHER, General Mills, Charles Schwab, Fidelity Investments and many other prominent companies have major operations in the trade area.
The Property is readily visible from Hwy 170, a major arterial carrying 49,116 CPD and fronts Hwy 377 (19,561 CPD). Within the 3-mile radius of the Property, the population is 47,264 with an affluent AHHI of $188,311 and median age of 35.6. Two high schools with over 6,000 students are located within 2-miles from the Property.
Walmart Superstore, Home Depot, Planet Fitness, ALDI and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area. Spec’s Wines, Spirits & Finer Foods and Quick Trip, located adjacent Property, additionally contribute to the immediate area customer activity.