500 E Broadway Blvd - Fast Food FOR SALE


Jefferson City, TN 37760
$2,931,000 USD
973-632-1386
500 E Broadway Blvd, Jefferson City, TN for Sale
$2,931,000 USD
Fast Food - FOR SALE
1/9
null | 5.35% Cap Rate

500 E Broadway Blvd
Jefferson City, TN 37760


HIGHLIGHTS

  • Brand new 15-year lease with 3 (5-year) option periods and 10% rent increases every 5 years
  • Corporate Guaranty – Dutch Bros has 1000+ locations with a market cap of approximately $10 billion (NYSE: BROS)
  • Actively developing retail corridor anchored by a strong mix of national tenants, including Walmart Supercenter, Lowe’s, Big Lots, and more
  • Notable recent developments including Arby’s, Tidal Spa, and City Point Center
  • Located just 4 minutes from Carson-Newman University | Over 2,700 enrolled students
  • Site directly adjacent soon to be developed to class A reatil, along with a new ORNL Federal Credit Union being built across the street

OVERVIEW

SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, corporate guaranteed, Dutch Bros investment property located in Jefferson City, TN. The tenant, BB Holdings TN, LLC, recently signed a brand new 15-year lease with 3 (5-year) option periods, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is guaranteed by Boersma Bros, LLC and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment property for a passive investor. The recently opened asset features a state-of-the-art design constructed with the highest-quality materials available.

FOR SALE DETAILS

PRICE

$2,931,000 USD

PRICE/SF

$3,085 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

B-3

APN/PARCEL ID

015O-A-007.00

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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