870 S Jefferson Ave - Restaurant FOR SALE


Cookeville, TN 38501
$2,804,000 USD
929-229-2614
870 S Jefferson Ave, Cookeville, TN for Sale
$2,804,000 USD
Restaurant - FOR SALE
1/10
null | 5.35% Cap Rate

870 S Jefferson Ave
Cookeville, TN 38501


HIGHLIGHTS

  • New 15-Year Lease | Options To Extend | 10% Rental Increases | Corporate Guaranty | 2025 Construction
  • Absolute NNN | Zero Landlord Responsibilities
  • Prime Retail Corridor | Strong Surrounding Tenancy | Near The #2 Ranked Lowe’s Nationwide | Proximity To Numerous Hotels
  • Excellent Visibility & Access | Strong Trade Area Demographics
  • New Retail Development | Growing Submarket | Proximity To Nashville |2 Miles From Tennessee Tech (10,700+ Students)

OVERVIEW

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, absolute NNN leased Dutch Bros investment property located in Cookeville, Tennessee. The tenant recently executed a brand-new 15-year lease with three (3) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease is backed by a corporate guaranty from Boersma Bros. LLC, a subsidiary of Dutch Bros Inc. (NYSE: BROS), one of the fastest-growing coffee brands in the U.S. Scheduled 10% rental increases every five years during the primary term and at the start of each option period drive NOI growth and provide a built-in hedge against inflation. Constructed in 2025, the property features Dutch Bros’ latest prototype design with modern finishes and an optimized drive-thru layout. The lease is structured as absolute NNN with zero landlord responsibilities, offering a true management-free investment ideal for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$2,804,000 USD

PRICE/SF

$2,952 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

CG

APN/PARCEL ID

066-030.01

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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