1202 Decatur Pike - Fast Food FOR SALE


Athens, TN 37303
$2,761,900 USD
949-724-5552
1202 Decatur Pike, Athens, TN for Sale
$2,761,900 USD
Fast Food - FOR SALE
1/6
null | 5.25% Cap Rate

1202 Decatur Pike
Athens, TN 37303


HIGHLIGHTS

  • Rare Large-Format Dutch Bros Store - 2,573 SF Building with Double Drive Thru
  • Scheduled to Open December 2025 - New 15-Year, Absolute NNN Lease - Dutch Bros Coffee - 10% Rent Bumps Every 5 Years
  • Large Hard Corner Land Parcel - 0.73-Acre - Excellent Ingress and Egress Access with No Cross Access to Other Parcels
  • Strategic Location – Morning Side Drive Access to Highway 11 - Less Than 1-Mile West of Tennessee Wesleyan University – Approx 1,400 Students Enrolled
  • Close Proximity to McMinn County High School – Approx 1,500 Students Enrolled - Located Approx 0.5 Mile from Starr Regional Medical Center
  • Located Between the Cities of Chattanooga and Knoxville

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to present an excellent opportunity to purchase a brand new developed Dutch Bros Coffee in Athens, TN. The rapidly growing and publicly traded (NYSE: BROS) drive thru coffee chain currently operates over 1,000 locations across 20 states and territories is on track to reach 2,029 locations by 2029. With a brand-new 15-year absolute NNN lease, four 5-year option periods, 10% rent increases every 5 years, and no landlord responsibilities, this asset is ideal for an investor seeking long-term, passive cash flows. The rare oversized 2,573 SF building with a double drive-thru is located on the morning side hard corner of Decatur Pike and Haley Street and is located between the cities of Knoxville and Chattanooga. The property is located between Tennessee Wesleyan University (approx. 1,400 students Enrolled) and McMinn County High School (approx. 1,500 students enrolled). The property is also situated approx. half a mile from Starr Regional Medical Center. Nearby retailers include Walmart Supercenter, Lowe’s Home Improvement, McDonald’s, ALDI, Price Less IGA, Ingles Market, Hobby Lobby, Dollar Tree, Family Dollar, CVS, Walgreens, and more. This is a great opportunity to acquire an absolute triple-net leased asset in a tax-free state on a long-term lease with strong rent increases, zero landlord responsibilities, and strong tenant credit growth potential, providing inflation-resistant income for years to come.

FOR SALE DETAILS

PRICE

$2,761,900 USD

PRICE/SF

$1,073 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

056F-D-062.00

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.