dutch bros. - maj development

Brand New Corporate15-Year Lease

Dutch Bros.

$1,411,7654.25% CAP Rate

$60,000 NOI

Brandi M. [email protected] 360.823.5112

Blake [email protected] 360.823.5111

Listing Brokers:

Michael A. [email protected] 360.823.5102

5107 NE 112th Ave, Vancouver, WA

Not Actual locationUnder Construction

THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant net leased investment located in Vancouver, WA. The property is leased to Dutch Bros. on a 15-Year NNN Lease. The subject property is in close proximity to other retailers such as 7-Eleven, Applebee’s, McDonalds, Burger King, KFC and much more. The excellent location provides ideal visibility from both SR-500 and NE 112th Ave. The property also consists of a Monument Sign that is shared with other tenants for ideal exposure.

INVESTMENT OVERVIEW

Price | $1,411,765CAP | 4.25%

Building Size720 SqFt

Lot Size20,324+/- SqFt

Estimated CompletionApril 2018

Est. Rent CommencementApril 1, 2018

New Development Dutch Bros. Property located in Vancouver, WA

New 15-Year Corporate NNN Lease

Located in Close Proximity to I-205 and SR-500

10% Rent Increases every 5-Years

Surrounding Businesses include 7-Eleven, Applebee’s, YMCA, KFC,

McDonalds, BurgerVille, and more.

INVESTMENT OVERVIEW

GUARANTOR: Dutch Bros. Corporate

SQFT OCCUPIED: 720 SqFt

TERM: 15-Year Primary Term

INCREASES: 10% Increases Every 5 Years

EXTENDED TERMS: 4, 5-Year Options

RENT SCHEDULE: 4/1/2018 - 3/31/2033

NOI: $60,000.00

LEASE TYPE: NNN

LEASE SUMMARY

TAXES: TENANT RESPONSIBLE (SEE SEC. 9.1 OF LEASE)

INSURANCE: TENANT RESPONSIBLE (SEE SEC. 10.1, 10.2, 10.3 OF LEASE)

CAMS: TENANT RESPONSIBLE (SEE SEC. 11 OF LEASE)

TENANT OVERVIEW

TENANT SUMMARY

Dutch Bros Coffee was founded in 1992 by Dane and Travis Boersma: brothers of Dutch descent. After three generations in the dairy business, government regulations pressed the family to sell the cows. What felt devastating turned out to be a blessing in disguise.

The bros bought a double-head espresso machine, threw open the barn doors and started experimenting with just 100 pounds of beans and a rockin’ stereo. They set up a pushcart on the railroad tracks and started passing out samples to anyone who would brave the new brew, and, within a month, they knew they had something special.

“One of the most rewarding things in this change of occupation was going from smelling cow manure to smelling coffee,” said Dane. “You’d open the bag, and it was like heaven.” Today, Dutch Bros Coffee is the country’s largest, privately held drive-thru coffee company, with over 290 locations in seven states and over 7,500 employees. But growth hasn’t taken the company away from its roots. Dutch Bros still gives away drinks — now over one million each year — to further the bros.’ mission of “spreading the Dutch Luv.”

The company donates over $2 million a year to its local communities and nonprofit organizations, including the Muscular Dystrophy Association, in honor of Dane, who passed away in 2009 after a four-year battle with Lou Gehrig’s disease. With its loyal customer base dubbed the Dutch Mafia, Dutch Bros Coffee continues to grow, and, wherever it does, the love, donations and smiles grow also.

ELEVATIONS

KEYED NOTES1x6 STUCCO TRIM, COLOR: WHITE

1x8 STUCCO TRIM, COLOR: WHITE

2-COAT STUCCO SYSTEM, COLOR: DUTCH BROS GREY

2-COAT STUCCO SYSTEM, COLOR: DUTCH BROS BLUE

STANDING SEAM METAL ROOF VENTED RIDGE CAP, COLOR:CUSTOM DUTCH BROS BLUE

3" COMPENSATING GABLE, COLOR: CUSTOM DUTCH BROS BLUE

25 GA. 12" SNAP LOCK STANDING SEAM ROOF PANEL PER SHEETA4.2, COLOR: CUSTOM DUTCH BROS BLUE

PRE-FINISHED PARAPET CAP FLASHING, COLOR: CUSTOM DUTCHBROS BLUE

LIGHTED SIGN, INSTALLED BY SIGN CONTRACTOR, COORDINATEELECTRICAL J-BOX AND BLOCKING REQUIREMENTS. NOTE: SIGNPACKAGE DESIGN & SIZING MAY BE CHANGED DUE TO PERMITTINGAND/OR DB MARKETING REQUIREMENTS THROUGH THE SIGNPACKAGE PERMITTING PROCESS.

STAINLESS STEEL SERVICE TRAY, FRANCHISEE FURNISHED,CONTRACTOR INSTALLED

STUCCO TRIM, COLOR: WHITE

METAL SCUPPER, COLOR: MATCH ADJACENT WALL COLOR

3x2 METAL DOWNSPOUT, COLOR: MATCH ADJACENT WALL COLOR;TAPER BOTTOM AWAY FROM BUILDING

EXTERIOR DOOR, RE: 'A4.3', FINISH DUTCH BROS GREY

CUSTOM FLAG, PROVIDED BY FRANCHISEE, INSTALLED BYCONTRACTOR

6" STEEL PIPE BOLLARD WITH PLASTIC SLEEVE, COLOR: DUTCHBROS BLUE, RE: STRUCTURAL

3" TALL STEEL "CLEARANCE" SIGN, COLOR: DUTCH BROS BLUE WITHWHITE VINYL LETTERS

CUSTOM PAINTED "TULIP" STENCIL, TYP. ALL SIDES

ADDRESS NUMBERS: HEIGHT AND LOCATION PER LOCALJURISDICTION

36" x 36" HINGED ACCESS PANEL WITH KEYED LOCK, PROVIDEMETAL FLASHING WIITH DRIP EDGE ABOVE, FINISH COLOR TOMATCH WALL COLOR

WALL-MOUNTED "DUTCH BROS" LIGHT FIXTURE

STEEL COLUMN PER STRUCTURAL, COLOR: DUTCH BROS BLUE

11" WIDE STUCCO TRIM, COLOR: WHITE

BACKLIT MENU BOARD; OWNER FURNISHED CONTRACTORINSTALLED. APPROX. SIZE 30"Wx42"H

WALL MOUNTED BLUE LED DOWN LIGHT. OWNER FURNISHEDCONTRACTOR INSTALLED

GENERAL NOTES1. ALL STUCCO TO BE INTEGRAL COLOR, 2-COAT

APPLICATION OVER EXPANDED METAL LATHE OVER30# FELT VAPOR BARRIER, APPLY PER MFR SPECS.

2. STUCCO FINISH TO BE MEDIUM SAND FLOAT.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

12

XL 2040

FRONT ELEVATIONXL 2040 1/4" = 1'-0"

3A1.1

REAR ELEVATIONXL 2040 1/4" = 1'-0"

1A1.1

SIDE ELEVATIONXL 2040 1/4" = 1'-0"

2A1.1

SIDE ELEVATIONXL 2040 1/4" = 1'-0"

4A1.1

OPTIONAL 6' TALLSCREEN WALL

OPTIONAL 6' TALLSCREEN WALL

12

12

12

12

12

12

12

ADDRESS

12

3

13

16

8

4

5

6

9

3

12

2

21

1

3

14

17

8

4

12

2

3

13

1

7

483

5

3

8

9

4

2

1

7

3

8

9

4

2

1

5

4 8 9 3

2

3

13

1

12

5

6

9

3

2

1

3

16

8

4

19

8

4

17

8

3

1

23

9

3'-0

" SIL

L

A.F.

F.

8'-0

" A.F

.F.

9'-1

0 5/

8" A

.F.F

.

10'-0"

1'-2

"

5'-0

"

1'-2

"

5'-0

"

2'-7

"

2'-7"

5'-2"

2'-7"

8'-0

" A.F

.F.

8'-0

" A.F

.F.

2'-7

"

2'-7"

5'-2"

2'-7"

1'-2

"

5'-0

"

9'-1

0 5/

8" A

.F.F

.

8'-0

" A.F

.F.

3'-0

" SIL

L

A.F.

F.

4

4

25 25

24

24

DU

TCH

BR

OS

PAG

E D

ESC

RIP

TIO

N:

ADD

RES

S:

ISSU

E D

ATE:

DR

AWN

BY:

SCAL

E:

JOSE

PHIN

E C

OU

NTY

FAIR

GO

UN

DS

MU

LTI-S

POR

T FI

ELD

S11

701

HW

Y 99

EVER

ETT,

WA

ADD

RES

S:

ISSU

E D

ATE:

DR

AWN

BY:

NO

T TO

SC

ALE

CO

NC

EPTU

AL S

ITE

PLAN

A1.1

SITE PLAN

Proposed

RENT ROLL

DUTCH BROS. 720 SQFT

Term DateMonthly

Rent PSF

$83.33

Annual Rent

$5,000.00 $60,0004/1/2018

$91.66$5,500.00 $66,000

$100.83$6,050.00 $72,600

Years

1-5

6-10

11-15

4/1/2023

4/1/2028

Option 1

Option 2

Option 3

Option 4

$6,655.00

$7,320.50

$8,052.50

$8,857.75

$79,860

$87,846

$96,630

$110.91

$122.00

$134.20

16-20

21-25

26-30

$106,293 $147.61 31-35

FINANCIAL SUMMARY

Sale Price $1,411,765.00

caP rate 4.25%

$60,000.00

PSF AT 720 SQFT $83.33

Scheduled income

net oPerating income $60,000.00

TENANT

TENANT

TENANT

$0.00

CAMS

PROPERTY TAXES

INSURANCE

TOTAL EXPENSES

leSS oPerating exPenSeS

AERIAL

FOURTH PLAIN BLVD 18,000 VEHICLES

DAILY

Subject Site

SR 503 39,000

VEHICLES DAILY

SR 500 57,000

VEHICLES DAILY

ORCHARDS MARKET CENTER

SPRINGBROOK VILLAGE

APARTMENTS

NE 112TH 43,000

VEHICLES DAILY

Subject Site

DEMOGRAPHICS

PoPulation

Estimated 2017Projected 2022 Census 2010 Census 2000

1mi. 3mi. 5mi.14,108 133,114 248,39115,314 144,905 271,18812,286 116,665 220,296 9,386 95,576 185,407

average income

Estimated 2017Projected 2022 Census 2010 Census 2000

1mi.

$60,366 $75,087 $78,655$69,137 $86,075 $90,039$46,859 $60,350 $63,028$44,046 $53,384 $53,794

3mi. 5mi.

VANCOUVER, WA

Vancouver, Washington sits on the north bank of the Columbia River directly across from Portland, Oregon. Incorporated in 1857, it is the fourth-largest city in the state. The Pacific Coast is less than 90 miles to the west. The Cascade Mountain Range rises on the east. Mount St. Helens National Volcanic Monument and Mt. Hood are less than two hours away. The spectacular Columbia River Gorge National Scenic Area lies 30 minutes to the east. Vancouver combines the excitement of a major metropolitan area with small-town charm and abundant recreational opportunities.

The 5 largest employers are:PeaceHealth Southwest Medical Center | 2841 EmployeesEvergreen Public Schools | 2455 EmployeesVancouver Public Schools | 2203 EmployeesCounty of Clark | 1561 EmployeesFred Meyer | 1500 Employees

Median Age36.4 Years Old

AGE

Gender Male 48.7% Female 51.3%

Vancouver Washington’s Waterfront opens for everyone to enjoy. Situated along one half mile of south-facing riverfront, this unrivaled location will provide Vancouver with a dynamic reconnection to its waterfront.

At the heart of the development:• a state-of-the-art cable stay pier will help create a spectacular waterfront en-

trance way along with parks, fountains and open spaces.• At full build-out, the master plan proposes:

- 3,300 new residential units, - over 1.25 million square feet of Class A creative office space, - a boutique hotel, - flagship restaurants, - and unique retail spaces.

This $1.5 billion mixed-use development will transform and usher in the next chap-ter for the entire metropolitan Vancouver/Portland area. A unique, public/private collaborative partnership between the City of Vancouver, Columbia Waterfront LLC and Gramor Development, Inc. created the opportunity to transform the Columbia Waterfront west of the I-5 Interstate Bridge.

For More Information Click Here

300 West 15th Street, Suite 201Vancouver, WA 98660

360.699.4494

www.CBCWorldwideNW.com

dutch bros. - maj development

Documents