AVAILABILITY DETAILS
- Size
- 29,620 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA534438
- Notes
- Investment summary
Overview
Highlights
Avison Young is pleased to present the opportunity
to acquire the single-tenant, drive-thru Dutch Bros on
fee simple land located at 2850 W Andrew Johnson
Hwy in Morristown, Tennessee. The subject property
is located immediately off of West Andrew Johnson
Highway (31,643VPD) in a busy commercial corridor
of Morristown. Nearby major retailers include Lowe’s,
Buffalo Wild Wings, and Harbor Freight Tools. Dutch
Bros currently has about 19 years remaining on the
lease with three, five-year options. This is an excellent
opportunity to acquire a stable investment occupied
by a financially stable, national corporate tenant.
SUBJECT PROPERTY
• ±950 SF building with double lane drive thru on 0.68
AC of fee simple land
• Occupied by Dutch Bros (NYSE: BROS), a financially
stable, national tenant -- corporate guarantee
• Absolute NNN, original 20 year lease and three fiveyear options
• Excellent location surrounded by synergistic national
retailers including Lowe’s, Home Depot, Harbor freight
Tools, Tractor Supply Co., and Chick-fil-A
• Situated immediately off of heavily trafficked West
Andrew Johnson Highway (31,643VPD)
Cap Rate in January 2028:
5.90%
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Chris Maling, Avison Young