• The tenant recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation • Dutch Bros is the third largest coffee chain in the US with over 1,080 locations throughout 24 states and a long-term goal of hitting 4,000+ stores • 2026 construction which features high quality materials, distinct design elements, and high-level finishes • This Dutch Bros is on an oversized 1.69 acre parcel which allows for long-term viability in the underlying real estate and future redevelopment potential