• Boersma Bros. LLC Corporate guaranteed lease • New, 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. • Dutch Bros is the 3rd largest coffee chain in the U.S. with over 1,040 locations across 18 states with a long-term goal of reaching 4,000+ locations • Dutch Bros holds an industry-leading AUV of over $2MM