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

  • Brand-new 15-year Absolute NNN lease | With 10% Increase and 3 (5-year) renewal options
  • Corporate guarantee from Dutch Bros Inc.(NYSE: BROS), 1,081+ locations, $1.28B in revenue
  • Cookeville is part of one of the top 10 fastest-growing areas in the US, 78 miles from Nashville
  • Located within one of Cookeville’s primary retail corridors, surrounded by national brands including Lowe’s, Raising Cane’s, and Sam’s Club
  • Adjacent Lowe’s ranks as the #2 Lowe’s location nationwide by visit volume, according to Placer.ai (1.3M annual visits)
  • Close to additional major retail destinations such as The Shoppes at Eagle Pointe, Cumberland Station, and Jackson Plaza

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

1983

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.