1259 Third Ave - Fast Food FOR SALE


Chula Vista, CA 91911- Castle Park
$2,704,545 USD
858-449-9922
1259 Third Ave, Chula Vista, CA for Sale
$2,704,545 USD
Fast Food - FOR SALE
1/8
null | 4.4% Cap Rate

1259 Third Ave
Chula Vista, CA 91911
Castle Park


HIGHLIGHTS

  • Just Opened! New 15 Year Absolute Lease with Corporate Guarantee

OVERVIEW

Corporate Guaranteed (NYSE: BROS) Ground Lease with BB Holdings CA, LLC, guaranteed by Boersma Bros, LLC Market Capitalization currently greater than $8 Billion Dutch Bros has approximately 1,000 stores, with plans to open 160 new stores in 2025 Same store sales increased by 5.3% for 2024 and 6.9% in Q4 2024 Guidance for 2025 is $1.55B in revenue, up from $1.28B in 2024 Unit level sales for San Diego County locations have been exceptional Brand New 15-Year Lease | Scheduled Rent Increases New construction 15-year absolute net ground lease with 3, 5-year options to extend The lease features a 10% rental increase every 5 years throughout the initial term and options, providing rental income growth and a hedge against inflation Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities Tenant pays for all maintenance, property taxes and insurance No Landlord responsibilities for maintenance or repairs Ideal, management-free investment for a passive investor Strong Demographics in 3-Mile Trade Area | Six Figure Incomes More than 198,000 residents and 90,000 employees support the trade area An affluent average household income over $100,000 projected to increase to $119,000 by 2029

FOR SALE DETAILS

PRICE

$2,704,545 USD

PRICE/SF

$2,847 USD /SF

CAP RATE

4.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Dutch Bros

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

CCP

APN/PARCEL ID

619-222-56

ASK ABOUT THIS PROPERTY

Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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Chuck KleinSRS Real Estate PartnersMore Info
858-449-9922

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