Fee Simple, Absolute NNN Dutch Bros
Morristown, Tennessee
Building
Stats
- Property Type Retail - Street Retail
- Year built 2022
- Building size (SF) 950
- Size (Ac) 0.68
- Price $2,245,000
Overview
Avison Young is pleased to present the opportunity to acquire the single-tenant, drive-thru Dutch Bros on fee simple land located at 2850 W Andrew Johnson Hwy in Morristown, Tennessee. The subject property is located immediately off of West Andrew Johnson Highway (31,643VPD) in a busy commercial corridor of Morristown. Nearby major retailers include Lowe’s, Buffalo Wild Wings, and Harbor Freight Tools. Dutch Bros currently has about 19 years remaining on the lease with three, five-year options. This is an excellent opportunity to acquire a stable investment occupied by a financially stable, national corporate tenant.
Highlights
±950 SF building with double lane drive thru on 0.68 AC of fee simple land
Occupied by Dutch Bros (NYSE: BROS), a financially stable, national tenant -- corporate guarantee
Absolute NNN, original 20 year lease and three five year options
Unique offering for a corporate lease that includes the fee land and building; therefore, a buyer can benefit from depreciation strategies including accelerated or cost segregation methods
Most Dutch Bros leases are only 15 years and just based on the
parcel with no depreciation opportunities
Excellent location surrounded by synergistic national retailers including Lowe’s, Home Depot, Harbor freight Tools, Tractor Supply Co., and Chick-fil-A
Situated immediately off of heavily trafficked West Andrew Johnson Highway (31,643VPD)
