May 16, 2023 – Recent Dutch Bros NNN Activity

November Capital  /   May 16, 2023

The drive-thru only concept – with about 800 locations across the US – has been a sought after asset for investors. 1031 exchange buyers have parked funds into these passive (typically ground leased or absolute NNN) deals.

4/28/2023 – Dutch Bros – Beaumont, CA – 15 year lease sells for $1.9M (4.25% Cap Rate)

4/21/2023 – Dutch Bros – Sulphur Springs, TX – 15 year lease sells for $1.6M (5.15% Cap Rate)

3/27/2023 – Dutch Bros – Tulsa, OK – 15 year lease sells for $2.05M (5.51% Cap Rate)

2/15/2023 – Dutch Bros – Visalia, CA – 15 year lease sells for $1.63M (4.37% Cap Rate)

1/18/2023 – Dutch Bros – Surprise, AZ – 15 year lease sells for $3.03M (4.60% Cap Rate)

1/6/2023 – Dutch Bros – Clarksville, TN – 15 year lease sells for $1.67M (5.30% Cap Rate)

11/10/2022 – Dutch Bros – Tulsa, OK – 15 year lease sells for $2.04M (4.15% Cap Rate)