Dutch Bros. Coffee | 1475 S Valley Dr
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Dutch Bros. Coffee 1475 S Valley Dr
950 SF 4-Star Retail Building Las Cruces, NM 88005 £2,201,583 (£2,317/SF) 5.40% Net Initial Yield
Investment Highlights
- New Dutch Bros building with double lane drive under construction - opening May 2024
- New Mexico State University – Las Cruces Campus with over 14,700 students is located within 2-miles
- 67,642 population and 33,566 employees in 3-mile radius
- Minimal Landlord Responsibilities
- High traffic intersection (36,584 CPD) within 600 ft; I-10 Fwy (31,172 CPD) within ½ mile
- Las Cruces-El Paso MSA generates $33 Billion of annual GDP and has a population of 1,095,532
Executive Summary
Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment property located at 1475 S Valley Dr, Las Cruces, NM 88005 (the “Property”). The +/- 950 SF single tenant drive-thru building is on +/- 28,320 SF street frontage parcel. The Dutch Bros corporate lease includes minimal landlord property maintenance responsibilities.
New Mexico State University – Las Cruces campus, with over 14,794 enrolled students, is located within 2-miles from the Property. Las Cruces High School, with 1,830 students, is located within 1.5 miles. In the 3-mile radius of the Property, the population is 67,642 with an AHHI of $59,004 and median age of 32.1 years. The youthful local population forms an ideal part of the Dutch Bros customer base.
The Property is located within a half mile of Interstate 10 (31,172 CPD) and fronts S Valley Dr (18,377 CPD). Hwy 28 (18,207 CPD) is within six hundred feet of the Property. Walmart Supercenter, Albertsons, McDonalds, Planet Fitness, Circle K, and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area.
The El Paso-Las Cruces MSA generates $33 Billion annual GDP and has a population of 1,095,532. Many aerospace corporations have a significant presence in Las Cruces. Holloman Air Force Base (21,000 Air Force and DoD personnel) and NASA’s White Sands Test facility are within commuter distance of Las Cruces. Other Las Cruces area major employers include Lockheed Martin, General Dynamics Information Technology, Peraton Communications, Space and Technology Solutions, New Mexico State University and Jacobs Engineering. Within a 3-mile of the Property there are 3,737 businesses with 33,566 employees.
New Mexico State University – Las Cruces campus, with over 14,794 enrolled students, is located within 2-miles from the Property. Las Cruces High School, with 1,830 students, is located within 1.5 miles. In the 3-mile radius of the Property, the population is 67,642 with an AHHI of $59,004 and median age of 32.1 years. The youthful local population forms an ideal part of the Dutch Bros customer base.
The Property is located within a half mile of Interstate 10 (31,172 CPD) and fronts S Valley Dr (18,377 CPD). Hwy 28 (18,207 CPD) is within six hundred feet of the Property. Walmart Supercenter, Albertsons, McDonalds, Planet Fitness, Circle K, and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area.
The El Paso-Las Cruces MSA generates $33 Billion annual GDP and has a population of 1,095,532. Many aerospace corporations have a significant presence in Las Cruces. Holloman Air Force Base (21,000 Air Force and DoD personnel) and NASA’s White Sands Test facility are within commuter distance of Las Cruces. Other Las Cruces area major employers include Lockheed Martin, General Dynamics Information Technology, Peraton Communications, Space and Technology Solutions, New Mexico State University and Jacobs Engineering. Within a 3-mile of the Property there are 3,737 businesses with 33,566 employees.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£2,201,583
Price Per SF
£2,317
Net Initial Yield
5.40%
NOI
£118,885
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
0.65 AC
Parking
16 Spaces (16.84 Spaces per 1,000 SF Leased)
Frontage
160 ft on South Valley Drive
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 02-42313 | Improvements Assessment | £0 |
Land Assessment | £48,403 | Total Assessment | £48,403 |
PROPERTY TAXES
Parcel Number
02-42313
Land Assessment
£48,403
Improvements Assessment
£0
Total Assessment
£48,403
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Dutch Bros. Coffee | 1475 S Valley Dr
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