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8610 Elk Grove Blvd, Elk Grove, CA, 95624

Dutch Bros

$4,800,000

Key Information

Cap Rate
5%
Tot. SF
1,522
Lot Size
0.49 Acres
Year Built
2015
Term Remaining
± 20 Years
Type
Retail
Occupancy
100%
NOI
$240,000

Highlights

• 20 Year Absolute NNN Lease with 1.5% Annual Increases
• Extremely strong store sales (contact agent for more details)
• Dutch Bros has operated at this site since 2015
• Subject property is strategically located off of Hwy 99 which sees in excess of 130,000 vehicles daily
• 5 Mile population of 260,063 residents
• Average household income of $132,757 annually proving an affluent surrounding community to support this location for years to come
• Nearby national tenants include McDonalds, Taco Bell, Carl’s Jr., 7 Eleven, Chase, O’Reilly Auto Parts, Walmart Super Center, and many more
• Dutch Bros operates more than 1,259 locations with a publicly stated goal of reaching 2,029 locations by 2029 and a long term version of over 7,000 locations nationwide
• Corporately guaranteed lease by Garrett Innovations, Inc. who has been a Dutch Bros Franchisee since 2015
• Garrett Innovations, Inc. is an 18-unit operator with over $40 million in annual revenue

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245