CBM1’s Jason Ehrenpreis represented the buyer in the purchase of a recently built Dutch Bros Coffee single-tenant drive-thru property. Situated on Melrose Drive in the midst of an office and industrial park, the new building is positioned next to a recently completed Wendy’s drive-thru, both projects occupying previously undeveloped land along a burgeoning retail corridor.
The new construction project is an absolute NNN, leased fee ownership investment secured with a long-term, corporate guaranteed lease agreement bolstered by multiple lease renewal options. The seller was represented by Patrick Luther with SRS.
The occupying tenant, Dutch Bros Coffee, was founded in Oregon, in 1992 by brothers Dane and Travis Boersma, and now operates 750+ locations across 14 states. Adhering to a firm design format, the chain’s stores primarily occupy single-tenant, small footprint buildings outfitted with drive-thrus in predominately suburban areas. In addition to typical coffee café fair, Dutch Bros serves specialty coffee, smoothies, freezes, teas, nitrogen-infused cold brew coffee, and exclusive Dutch Bros Rebel™ energy drinks.
Located in North San Diego County, a steadily growing region with surging population density and affluent average household income earnings. The superbly located site is adjacent to Bressi Ranch Village Center, an upscale grocery-anchored shopping center, which ranks among the North County’s most popular and frequently visited open-air shopping destinations.
For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213
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