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Avison Young brokers $2.725 million sale of a single-tenant property occupied by Dutch Bros Coffee investment in San Antonio, Texas
February 7, 2022
Los Angeles, CA – Avison Young announced today it has brokered the $2.725 million sale of a single-tenant property occupied by Dutch Bros Coffee located at 4527 Rittiman Road in San Antonio, TX.
Avison Young Principals Chris Maling and David Maling represented the buyer, California-based 10477 Holdings, LLC. The seller, Texas-based CVP - Rittiman DB, LLC was represented by SRS National Net Lease Group.
The property opened for business February 2022. Situated on a 1.12-acre site, the 871 square-foot building includes two large pylon signs which offer great visibility from Interstate 35. The property is also strategically located along a major retail corridor with nearby national credits tenants such as Walmart, Lowes, and McDonalds.
“This opportunity offered the buyer a 15-year absolute triple-net corporate-guaranteed leased investment, three five-year options to extend and no landlord responsibilities,” said Chris Maling. “It was an ideal fit for a cash-flowing, long-term hold.”
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for ten consecutive years.