Dutch Bros Coffee

Purchase Price$2,880,000
Annual Rental Income$149,760
Cap Rate5.20%
Lease Term13 Years
CityOgden‑Clearfield MSA
Tenant: Dutch Bros Coffee
Sector: Fast Food / QSR
State: Utah

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Dutch Bros Coffee – Single-Tenant Net Lease Investment
Ogden–Clearfield MSA, UT | Drive-Thru Coffee Asset | Absolute NNN Ground Lease | Passive Income Opportunity

Overview
This offering showcases a standalone Dutch Bros Coffee drive-thru in the Ogden–Clearfield metropolitan area of northern Utah. The property is secured by a long-term absolute triple-net (NNN) ground lease, placing all expenses—such as property taxes, maintenance, utilities, and landscaping—on the tenant. The lease includes scheduled rent escalations every five years, delivering passive income with built-in inflation protection. Located at a key commercial intersection in a growing regional market, this investment aligns with demand for net lease investment properties, fast-casual NNN lease assets, and 1031 exchange prospects.

Investment Highlights

  • Absolute NNN ground lease with no landlord responsibilities
  • Fixed lease with scheduled increases every five years
  • Custom-built drive-thru footprint optimized for quick service
  • Operated by a local franchisee with a proven brand presence
  • Prominent corner site within a high-traffic retail node

Tenant Overview
Dutch Bros Coffee is a leading drive-thru coffee brand, known for efficient service, brand loyalty, and community ties. This property is managed by an experienced franchisee overseeing multiple units in the area. The lease is franchisee-backed, and strong franchisee performance along with ongoing investment in the site and brand support long-term tenancy stability.

Lease Summary

  • Lease Type: Absolute NNN Ground Lease
  • Term: Long primary lease with renewal options
  • Escalations: Structured increases scheduled every five years
  • Renewal Options: Multiple extensions available
  • Landlord Responsibility: None

This setup ensures predictable passive income and eliminates landlord exposure to property-related liabilities.

Site Overview
Designed to Dutch Bros’ prototype specifications, the building supports efficient drive-thru operations and features prominent branding and customer parking. The parcel is positioned on a signalized corner in a well-established retail corridor, offering strong visibility and high-frequency traffic from nearby neighborhoods, office centers, and retailers.

Market Overview – Ogden–Clearfield MSA
The Ogden–Clearfield market is a growing northern Utah submarket, benefiting from nearby residential expansion and economic diversification. Supporting industries include aerospace, manufacturing, education, healthcare, and logistics. Retail and mixed-use developments remain active along key corridors, and drive-thru concepts continue to perform well due to consumer preferences for speed and convenience.

Demographics and Trade Area
The surrounding trade area includes a mix of family households, commuters, and students. There is a steady stream of population growth supporting retail expansion. The daytime population base is driven by employment centers, educational campuses, and local services—enhancing drive-thru opportunities across morning, midday, and afternoon periods.

Consumer Demand Drivers

  • Convenience-oriented customers in a suburban-urban mix
  • Frequent uptake from commuter and retail traffic
  • Synergy with nearby service and retail amenities
  • Loyalty programs and brand visibility driving repeat business
  • Drive-thru convenience supporting consistent revenue throughout the day

Income Profile and Future Upside
Scheduled rent escalations ensure revenue growth without incremental capital requirements. Under the absolute NNN ground lease, tenant-managed costs secure income clarity and underwriting predictability. The operator’s ongoing site investment and favorable regional fundamentals contribute to both current yield and long-term value appreciation.

Ideal Buyer Profile
This asset is well suited for:

  • 1031 exchange investors seeking passive income options
  • Buyers building portfolios of drive-thru NNN assets
  • Family offices and private capital focused on low-management retail real estate
  • Institutions and funds targeting stable food-service assets in growth markets
  • Conservative investors prioritizing ease of ownership and dependable returns

Market Positioning & Trends
Drive-thru coffee remains one of the most in-demand net lease asset types. Dutch Bros, recognized for its regional appeal and rapid expansion, fits strongly within growth markets. With limited available drive-thru pads in developed corridors, properties like this carry scarcity value and investor appeal. This listing fits keyword searches such as net lease investment properties, single-tenant net lease, fast-casual NNN lease investments, NNN properties for sale, and 1031 exchange NNN opportunities.

Conclusion
This Dutch Bros Coffee in the Ogden–Clearfield MSA provides a well-positioned, passive-income net lease investment. Backed by a long-term absolute NNN ground lease, franchisee-backed tenancy, scheduled rent growth, and a high-visibility trade area, the asset aligns with investor objectives. With no landlord obligations and inflation-hedged returns, it offers a compelling addition to portfolios focused on reliable, drive-thru retail real estate.

Please contact us for more information.