Dutch Bros Coffee | 9600 Universe Blvd NW
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Dutch Bros Coffee 9600 Universe Blvd NW
950 SF Retail Building Albuquerque, NM 87114 £1,647,261 (£1,734/SF) 5.50% Net Initial Yield
Investment Highlights
- This Albuquerque location has a population of ±66,464 Residents within a 3-mile radius and an average Household Income of $119,770 annually.
- Absolute NNN – Lease Dutch Bros is on a 15-Year lease with ±12.5 Years remaining and zero management responsibility.
- Built-to-Suit Construction – This property was built specifically for a Dutch Bros in 2021.
- Daytime Traffic – The workday population is ±39,943 employees within a 3-mile radius, and Universe Blvd sees ±14,000 cars per day.
Executive Summary
Fee Simple Ownership – The opportunity is a rare Fee Simple interest with lower than average rents. Average rents for all On-Market Fee Simple Dutch Bros is approx. $130,800.
Strong Corporate Guarantee– Dutch Bros Coffee ( NYSE: BROS) has over 900 locations in 18 states across the country and has seen exceptional revenue growth from $739M in 2022 to over $913M in 2023 and expected 2024 revenue to be around $1.23 billion.
Strong Retail Corridor – This Dutch Bros is adjacent to major Retailers such as Walgreens, Dollar Tree, Subway, Blake’s LotaBurger, and Taco Bell. The annual consumer retail spend is ±$635.2M within a 3-mile radius.
Education – There are four Elementary / Middle Schools in the immediate area totaling ±2,000 students. Volcano Vista High School is the closest High School just under 2 miles away and has a student population of 2,200. Additionally, Central New Mexico Community College West campus is under 2 miles away.
Broker of Record
Kyle Matthews
License No. 19601 (NM)
Strong Corporate Guarantee– Dutch Bros Coffee ( NYSE: BROS) has over 900 locations in 18 states across the country and has seen exceptional revenue growth from $739M in 2022 to over $913M in 2023 and expected 2024 revenue to be around $1.23 billion.
Strong Retail Corridor – This Dutch Bros is adjacent to major Retailers such as Walgreens, Dollar Tree, Subway, Blake’s LotaBurger, and Taco Bell. The annual consumer retail spend is ±$635.2M within a 3-mile radius.
Education – There are four Elementary / Middle Schools in the immediate area totaling ±2,000 students. Volcano Vista High School is the closest High School just under 2 miles away and has a student population of 2,200. Additionally, Central New Mexico Community College West campus is under 2 miles away.
Broker of Record
Kyle Matthews
License No. 19601 (NM)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
950 SF
Building Class
B
Year Built
2022
Price
£1,647,261
Price Per SF
£1,734
Net Initial Yield
5.50%
NOI
£90,599
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Land Acres
0.85 AC
Zoning
C-2 - Commercial
Amenities
- Drive Thru
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Joshua Jenkins -
Alex DeSoto -
Matthews Real Estate Investment Services
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Dutch Bros Coffee | 9600 Universe Blvd NW
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