Dutch Bros Coffee NNN Property For Sale — Provo, UT
1310 North University Avenue, Provo, UT 84604
This investment opportunity features a brand new, corporate-backed 10-year triple net (NNN) lease with Dutch Bros Coffee, a rapidly expanding drive-thru coffee chain. The lease includes attractive 10.00% rent increases every five years and offers four (4) five-year options to extend. Strategically located just east of the major intersection of University Avenue and Cougar Boulevard, the property benefits from high visibility and foot traffic. It is also within walking distance of Brigham Young University (BYU) campus, ensuring a consistent customer base. The rent commencement date is anticipated for February 2021.
- Address: 1310 North University Avenue, Provo, UT 84604
- Asking price $2.95M
- 4.50% cap rate
- NOI $132,750
- 4.5 years remaining
- NNN lease
- Year built: 2021
- Building size: 16,117 SF
- Lot size: 0.37 acres
- Lease expiration: Feb 28, 2031
- Rent increases: 10.00% every 5 years
- Guarantor: Corporate
Location
This Dutch Bros Coffee property is at 1310 North University Avenue in Provo, Utah.
Asset type: Retail