Dutch Bros – Daytona Beach, FL
Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Daytona Beach, Florida – part of a large development area off of LGPA Blvd! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The lease also provides a corporate guaranty. The store is currently under construction with opening & rent start on track for February 2026.
This Dutch Bros is located in a developing area on LGPA Blvd seeing 39,500 cars per day with a traffic signaled entrance. It sits in front of the new Marlowe Tomoka Village Luxury Apartments amongst other newly developed sites such as Take 5 Oil Change, Bojangles, White Castle, and Panda Express. The 5 mile population from the site is 130,751. The 1 mile household income is $64,335. This area is seeing explosive growth with the 1 mile population growth rate at 26.45%! The 5 mile consumer spending is $1.4 Billion! PRIME LOCATION to own!!! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.10% cap rate based on NOI of $145,000.
INVESTMENT HIGHLIGHTS
• 15 Absolute NNN Lease | Zero Landlord Responsibility
• PRIME LOCATION IN DEVELOPING AREA OF FLORIDA!
• Excellent Visibility – 39,500 VPD | Traffic Signaled Entrance
• 10% Rental Rate Increases Every 5 Years
• Three (5 Year) Options to Renew with 10% Increase at Each
• 5 Mile Population 130,751 | Expected 21.40% Growth
• 1 Mile Average Household Income $64,335
• 5 Mile Consumer Spending is $1.4 Billion!
• 1 Mile Population Growth Rate 26.45%!
• 85,500 VPD on I-95 | 33,000 VPD on FL 5A
• Strong Corporate Guaranty
• Brand New Take 5 Oil Change, Bojangles, White Castle, Panda
• Express & Many Housing Developments Adjacent to Site
Instate Broker of Record: Brian Brockman | Bang Realty