Lowest Cap Rate
4.15%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.31%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.24%
Average Cap Rate over previous quarter
Overview
Dutch Bros is a publicly-held drive-through coffee chain, which started in 1992 as a pushcart in downtown Grants Pass, Oregon and is still headquartered in that city, with both company-owned and franchise locations. The company trades on the NYSE under the symbol BROS. As of June 2021, the company operates approximately 500 stores across 12 states, with more than 260 stores run by franchisees and the rest company-owned. Dutch Bros facilities are drive-through only, so involve very small footprints (typically 950 SF), and typical lease terms are 15 years.
Property & Lease
Sales Price Range$2,000,000 - $3,000,000
NOI Range$95,000 - $115,000
Building SF950
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:BROS
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
5.08
5.22
4.92
4.59
4.39
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Las Vegas, NV5.00%
Orlando, FL5.36%
Peyton, CO5.00%
Top Consumer Traffic
Glendale, AZ1,400,000
Tolleson, AZ1,300,000
Phoenix, AZ1,300,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
