This offering features a brand-new 15-year absolute triple-net lease to Dutch Bros to commence May 2026, with zero landlord responsibilities. The lease provides scheduled rental increases during the option periods and includes four 5-year renewal options. It is corporately guaranteed by Boersma Bros, LLC, providing strong credit support for a rapidly expanding tenant operating 1,081 locations and projected to grow to 2,029 shops by 2029. The property is a Target outlot within Valparaiso Market Place, a top 5 percent nationally ranked shopping center attracting 5.1 million annual visitors, and is in extremely close proximity to Valparaiso University, home to approximately 2,451 undergraduate and graduate students. The site benefits from excellent visibility and access along Laporte Avenue (18,984 vehicles per day) and near State Road 49 (33,547 vehicles per day). The subject property also offers a strong competitive advantage, most Dutch Bros stores are roughly 950 square feet, this location is 2,454 square feet. The asset is positioned in an affluent and growing trade area with $115,087 average household incomes, 45,080 employees within three miles, and strong historical and projected population growth.