Dutch Bros. $1,411, % CAP Rate $60,000 NOI. Brand New Corporate 15-Year Lease 5107 NE 112th Ave, Vancouver, WA.

Transcription

1 Dutch Bros. Brand New Corporate 15-Year Lease 5107 NE 1th Ave, Vancouver, WA Not Actual location Under Construction $1,11,765.25% CAP Rate $60,000 NOI Listing Brokers: Brandi M. Ho Blake Federinko Michael A. Jenkins

2 Page 2

3 THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant net leased investment located in Vancouver, WA. The property is leased to Dutch Bros. on a 15-Year NNN Lease. The subject property is in close proximity to other retailers such as 7-Eleven, Applebee s, McDonalds, Burger King, KFC and much more. The excellent location provides ideal visibility from both SR-500 and NE 1th Ave. The property also consists of a Monument Sign that is shared with other tenants for ideal exposure.

4 INVESTMENT OVERVIEW Price $1,11,765 CAP.25% Building Size 720 SqFt Lot Size 20,2 +/- SqFt Estimated Completion April 2018 Est. Rent Commencement April 1, 2018 Page

5 INVESTMENT OVERVIEW New Development Dutch Bros. Property located in Vancouver, WA New 15-Year Corporate NNN Lease Located in Close Proximity to I-205 and SR % Rent Increases every 5-Years Surrounding Businesses include 7-Eleven, Applebee s, YMCA, KFC, McDonalds, BurgerVille, and more.

6 LEASE SUMMARY GUARANTOR: Dutch Bros. Corporate SQFT OCCUPIED: 720 SqFt TERM: 15-Year Primary Term INCREASES: 10% Increases Every 5 Years EXTENDED TERMS:, 5-Year Options RENT SCHEDULE: /1/ /1/20 NOI: $60, LEASE TYPE: NNN TAXES: TENANT RESPONSIBLE (SEE SEC. 9.1 OF LEASE) INSURANCE: TENANT RESPONSIBLE (SEE SEC. 10.1, 10.2, 10. OF LEASE) CAMS: TENANT RESPONSIBLE (SEE SEC. 11 OF LEASE) Page 6

7 TENANT OVERVIEW TENANT SUMMARY Dutch Bros Coffee was founded in 1992 by Dane and Travis Boersma: brothers of Dutch descent. After three generations in the dairy business, government regulations pressed the family to sell the cows. What felt devastating turned out to be a blessing in disguise. The bros bought a double-head espresso machine, threw open the barn doors and started experimenting with just 100 pounds of beans and a rockin stereo. They set up a pushcart on the railroad tracks and started passing out samples to anyone who would brave the new brew, and, within a month, they knew they had something special. One of the most rewarding things in this change of occupation was going from smelling cow manure to smelling coffee, said Dane. You d open the bag, and it was like heaven. Today, Dutch Bros Coffee is the country s largest, privately held drive-thru coffee company, with over 290 locations in seven states and over 7,500 employees. But growth hasn t taken the company away from its roots. Dutch Bros still gives away drinks now over one million each year to further the bros. mission of spreading the Dutch Luv. The company donates over $2 million a year to its local communities and nonprofit organizations, including the Muscular Dystrophy Association, in honor of Dane, who passed away in 2009 after a four-year battle with Lou Gehrig s disease. With its loyal customer base dubbed the Dutch Mafia, Dutch Bros Coffee continues to grow, and, wherever it does, the love, donations and smiles grow also.

8 ELEVATIONS '-2" 5'-0" 10'-0" 5'-0" 2'-7" 2'-7" 8 1'-2" 8 1'-2" 9 8 2'-7" '-10 5/8" A.F.F. 1 8'-0" A.F.F '-0" A.F.F '-0" SILL A.F.F. OPTIONAL 6' TALL SCREEN WALL A1.1 REAR ELEVATION XL 200 1/" = 1'-0" 2 A1.1 SIDE ELEVATION XL 200 1/" = 1'-0" '-2" 2'-7" 2'-7" 5'-0" '-7" 8 9 1'-2" 9 19 ADDRESS '-10 5/8" A.F.F. 8'-0" A.F.F '-0" A.F.F '-0" SILL A.F.F. 2 OPTIONAL 6' TALL SCREEN WALL A1.1 FRONT ELEVATION XL 200 1/" = 1'-0" A1.1 SIDE ELEVATION XL 200 1/" = 1'-0" Page 8

9 Proposed SITE PLAN

10 RENT ROLL DUTCH BROS. 720 SQFT Term Date Monthly Rent Annual Rent PSF Years /1/2018 $5, $60,000 $ /1/202 $5, $66,000 $ /1/2028 $6, $72,600 $ Option 1 Option 2 Option Option $6, $7,20.50 $8, $8, $79,860 $87,86 $96,60 $ $2.00 $ $106,29 $ Page 10

11 FINANCIAL SUMMARY Scheduled Income $60, PSF AT 720 SQFT $8. Less Operating Expenses CAMS PROPERTY TAXES INSURANCE TOTAL EXPENSES TENANT TENANT TENANT $0.00 Net Operating Income $60, Sale Price $1,11, CAP Rate.25%

12 AERIAL SR 50 9,000 VEHICLES DAILY ORCHARDS MARKET CENTER FOURTH PLAIN BLVD 18,000 VEHICLES DAILY SPRINGBROOK VILLAGE APARTMENTS SR ,000 VEHICLES DAILY NE 1TH,000 VEHICLES DAILY Subject Site Subject Site Page

13 DEMOGRAPHICS Average Income 1mi. mi. 5mi. Estimated 2017 Projected 2022 Census 2010 Census 2000 $60,66 $69,17 $6,859 $,06 $75,087 $86,075 $60,50 $5,8 $78,655 $90,09 $6,028 $5,79 Population 1mi. 1,108 15,1,286 9,86 Estimated 2017 Projected 2022 Census 2010 Census 2000 mi. 1,11 1, ,665 95,576 5mi. 28,91 271, , ,07

14 VANCOUVER, WA Vancouver, Washington sits on the north bank of the Columbia River directly across from Portland, Oregon. Incorporated in 1857, it is the fourth-largest city in the state. The Pacific Coast is less than 90 miles to the west. The Cascade Mountain Range rises on the east. Mount St. Helens National Volcanic Monument and Mt. Hood are less than two hours away. The spectacular Columbia River Gorge National Scenic Area lies 0 minutes to the east. Vancouver combines the excitement of a major metropolitan area with small-town charm and abundant recreational opportunities. The 5 largest employers are: PeaceHealth Southwest Medical Center 281 Employees Evergreen Public Schools 255 Employees Vancouver Public Schools 220 Employees County of Clark 1561 Employees Fred Meyer 1500 Employees AGE Median Age 6. Years Old Gender Male 8.7% Female 51.% Page 1

15 Vancouver Washington s Waterfront opens for everyone to enjoy. Situated along one half mile of south-facing riverfront, this unrivaled location will provide Vancouver with a dynamic reconnection to its waterfront. At the heart of the development: a state-of-the-art cable stay pier will help create a spectacular waterfront entrance way along with parks, fountains and open spaces. At full build-out, the master plan proposes: -,00 new residential units, - over 1.25 million square feet of Class A creative office space, - a boutique hotel, - flagship restaurants, - and unique retail spaces. This $1.5 billion mixed-use development will transform and usher in the next chapter for the entire metropolitan Vancouver/Portland area. A unique, public/private collaborative partnership between the City of Vancouver, Columbia Waterfront LLC and Gramor Development, Inc. created the opportunity to transform the Columbia Waterfront west of the I-5 Interstate Bridge. For More Information Click Here

16 00 West 15th Street, Suite 201 Vancouver, WA