San Diego, CA –– NAI Capital Commercial is pleased to announce the successful negotiation by Senior Vice President Jonathan Doty of NAI Capital Commercial’s Investment Services Group for the acquisition of a retail property net leased to Dutch Bros Coffee. Jonathan represented the buyer, a private investor, in this transaction.
Situated at 2365 E Valley Pkwy in Escondido, California, the newly constructed Dutch Bros Coffee property spans 950 square feet on a 0.63-acre lot. The sale, totaling $2,600,000 or $2,737 per square foot, reflects a 4.65% cap rate. Noteworthy features of the investment include an absolute 15-year triple net lease, a corporate guarantee, and 10.0% rent increases every five years, accompanied by renewal options.
Dutch Bros Inc., a company operating and franchising drive-thru shops with locations across 16 states, boasts 794 company-owned and franchise locations. With a market cap of $5.155 billion, the company is headquartered in Grants Pass, Oregon.
Expressing his insights, Jonathan remarked, “We’re observing a significant demand from our investor clients seeking single-tenant triple net deals. Many California investors are expanding their portfolios by acquiring triple net single tenant properties, aiming for higher return investment deals.” Jonathan emphasized, “Dutch Bros Coffee net-leased investment opportunities get snapped-up quickly by savvy investors.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 300 brokerage offices and over 5,100 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
NAI Capital Commercial Cal DRE Lic #02130474.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America,
Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
