13855 W Bell Rd - Freestanding FOR SALE


Surprise, AZ 85374
$1,297,000 USD
602-206-0784
13855 W Bell Rd, Surprise, AZ for Sale
$1,297,000 USD
Freestanding - FOR SALE
1/5
null | 4.5% Cap Rate

13855 W Bell Rd
Surprise, AZ 85374


HIGHLIGHTS

  • Publicly Traded NYSE: BROS (±1,012 Stores)
  • Near ±1M SF Retail Center & ±765-Acre Generational Development
  • Below Market Rent of $58,372

OVERVIEW

???????Single-tenant Dutch Bros Coffee double drive-thru investment opportunity offering an absolute triple-net (NNN) ground lease with four (4) years remaining and two (2), five (5) year options. The Property boasts attractive 2.5% annual rental increases. The Property features a well below market rent of $58,372. Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing brands in the food service and restaurant industry, operates ±1,012 locations across 18 states and plans to grow to more than 4,000 shops nationwide. West Side DB, the largest Dutch Bros franchisee in Arizona, operates ±20 locations west of the I-17 freeway in Phoenix. This lease is personally guaranteed by the owner, Caleb Berkey. The Property is ±3 minutes west of The Surprise Towne Center & Marketplace, a ±1 million square-foot center anchored by Walmart Supercenter, Home Depot, Target, Lowe’s Home Improvement and many more. The Property is adjacent to the Surprise City Center Development, a ±765-acre mixed-use development planned to encompass approximately 33 million square feet of upscale multi-family, office, hospitality, retail, entertainment, and much more, all in a beautiful, walkable urban landscape (See pages 15 & 16 of the OM for details) (Source: carefreepartners). - The Property is adjacent to a busy Sprouts anchored center.  - The Property is located at the heavily traveled intersection of W Bell Rd and N Litchfield Rd (±68,867 VPD) and is minutes west of Grand Ave (±35,567 VPD) (Source: ADOT, 24). - Surprise Stadium (±10,714 seats), the spring training facility for the Kansas City Royals and Texas Rangers, is ±7 minutes west of the Property.  - Valley Vista High School (±2,464 students) is ±7 minutes west of the Property (Source: US News). - Banner Del E Webb Medical Center (±404 beds) is ±8 minutes north of the Property (Source: Banner Health). - The Property boasts a dense 3-mile population of ±102,535 and an affluent average household income of $100,067 (Source: Esri). -Nearby national retailers include Kohl’s, In-N-Out, Raising Cane’s, Chick-fil-a, Ross Dress for Less, Best Buy, Bath and Body Works, Michaels, PetSmart, and many more.

FOR SALE DETAILS

PRICE

$1,297,000 USD

PRICE/SF

$3,052 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,726 SF

ZONING

PAD

APN/PARCEL ID

501-16-977H

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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