Dutch Bros Ground Lease | 605 S West St
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Dutch Bros Ground Lease 605 S West St
950 SF Retail Building Wichita, KS 67213 £1,060,698 (£1,117/SF) 5.50% Net Initial Yield
Investment Highlights
- 13 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
- New 2022 Construction
- Located Near Towne West Square - Tenants include JcPenny, Dillard’s, Dick’s Sporting Goods and more
- 10% Rental Increases Every 5 Years
- New 2022 Construction
Executive Summary
Dutch Bros Coffee was founded in 1992 in Grants Pass, Oregon by Dane and Travis Boersma, brothers of Dutch descent. Today, Dutch Bros Coffee is one of the largest publicly-traded drive-thru coffee companies
with approximately 876 stores open in 17 states as of March 31, 2024. The company’s total revenue for FY 2023 grew 30.7 percent to $966 million as compared to $739 million in 2022.
Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888.
with approximately 876 stores open in 17 states as of March 31, 2024. The company’s total revenue for FY 2023 grew 30.7 percent to $966 million as compared to $739 million in 2022.
Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
950 SF
Building Class
B
Year Built
2022
Price
£1,060,698
Price Per SF
£1,117
Net Initial Yield
5.50%
NOI
£58,350
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
0.96 AC
Zoning
LI
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 137-26-0-14-01-011.00 | Improvements Assessment | £70,545 |
| Land Assessment | £70,462 | Total Assessment | £141,007 |
PROPERTY TAXES
Parcel Number
137-26-0-14-01-011.00
Land Assessment
£70,462
Improvements Assessment
£70,545
Total Assessment
£141,007
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Dutch Bros Ground Lease | 605 S West St
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