The newly constructed Dutch Bros Coffee property located at 2365 East Valley Parkway in Escondido, California has been acquired for $2.6 million. The property spans across 0.63 acres and features a 15-year triple net lease with a corporate guarantee. The lease also includes 10.0% rent increases every five years, making it an attractive investment opportunity for California investors. With a sale price of $2,737 per square foot, the transaction reflects a 4.65% cap rate.

Summary of transaction details

• Property Type: Retail
• Sale Price: $2,600,000
• Square Footage: 950
• Price Per Square Foot: $2,737
• Address: 2365 East Valley Parkway, Escondido, California
• Market: Escondido

Jonathan Doty, representing NAI Capital, facilitated the acquisition of the Dutch Bros Coffee property. This deal aligns with the growing demand among California investors for lucrative single-tenant triple net opportunities. The presence of a long-term lease, corporate guarantee, and rent increases adds to the appeal of this investment. The involvement of Jonathan Doty from NAI Capital was crucial in completing this transaction.