Dutch Bros Coffee | 1874 E Main St
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Dutch Bros Coffee 1874 E Main St
950 SF Retail Building Prattville, AL 36066 £2,254,787 (£2,373/SF) 5.40% Net Initial Yield
Investment Highlights
- Dutch Bros Stock Up 55% YTD! (NYSE: BROS)
- Signalized Corner Location | 37,727 ADTC
- 5 Mile Population 50,071 | Expected 3.47% Growth
- Prattville Shopping Center | 176,549 SF Recently Redeveloped
- 10% Rental Rate Increases Every 5 Years
- Across from Aldi & Walmart Supercenter (Ranked #20 for foot traffic among all Walmarts in the state)
Executive Summary
Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Prattville, Alabama. It is part of the 176,549 SF Prattville Shopping Center located at the crossroads of a major signalized intersection. The center is convenient to several large and well-established single family and multi-family communities and within 2 miles of Baptist Hospital, the premier medical center in the city! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The store is currently completing construction with opening & rent start on track for December 2024!
This Dutch Bros. benefits from being surrounded by national tenants in a huge retail hub including across the street from Aldi & Walmart. The shopping center is located on a signalized corner seeing 37,727 cars per day. The site has easy and quick access to both Highway 31 (24,662 ADTC) & I-65 (63,643 ADTC). The 5 mile population from the site is 50,071. The 1 mile household income is $79,409. This area is also seeing steady population growth. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.40% cap rate based on NOI of $154,320.
This Dutch Bros. benefits from being surrounded by national tenants in a huge retail hub including across the street from Aldi & Walmart. The shopping center is located on a signalized corner seeing 37,727 cars per day. The site has easy and quick access to both Highway 31 (24,662 ADTC) & I-65 (63,643 ADTC). The 5 mile population from the site is 50,071. The 1 mile household income is $79,409. This area is also seeing steady population growth. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.40% cap rate based on NOI of $154,320.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
950 SF
Year Built
2024
Price
£2,254,787
Price Per SF
£2,373
Net Initial Yield
5.40%
NOI
£121,758
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
0.76 AC
Zoning
Commercial - General Commercial
Parking
24 Spaces (25.26 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Dutch Bros
- Retailer
-
99,999 SF
- -
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Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Dutch Bros | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
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Power Broker Bryan Bender -
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Dutch Bros Coffee | 1874 E Main St
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