Fee Simple, Absolute NNN Dutch Bros Listing Details & Market Data

2850 West Andrew Johnson Highway, Morristown, TN 37814

  • For Sale $2,245,000
  • Property Type Retail - Street Retail
  • Property Size 950 SF
  • Units 1
  • Lot Size 0.68 Acre
  • Property Tenancy Single Tenant
  • Year Built 2022
  • Date Updated Apr 23, 2024
Located in Morristown, TennesseeAvison 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.

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Highlights

  • ±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 five year options
  • Unique offering for a corporate lease that includes the fee land and building; therefore, a buyer can benefit from depreciation strategies including accelerated or cost segregation methods
  • Most Dutch Bros leases are only 15 years and just based on the
  • parcel with no depreciation opportunities
  • 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)

Contacts

broker

Chris Maling

Avison Young - US - CA - Los Angeles

(213) 618-3824

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (50)

  • Bike Score ®

    Somewhat Bikeable (37)
Powered by Walk Score ®
  • City Morristown, TN
  • Neighborhood Morristown
  • Zip Code 37814

Points of Interest

  • Weigel's

    1.78 miles

  • Shell

    2.66 miles

  • Murphy USA

    4.41 miles

  • Weigel's

    5.05 miles

  • Weigel's

    5.10 miles

  • Exxon

    5.19 miles

  • Weigel's

    6.30 miles

  • Pilot

    6.39 miles

  • Lakeshore BP

    7.82 miles

  • ETRPSC Proving Grounds

    4.18 miles

  • Golden Corral

    0.10 miles

  • Taco John's

    0.11 miles

  • Pal's

    0.60 miles

  • Chick-fil-A

    0.77 miles

  • Arby's

    0.88 miles

  • Shoney's

    0.97 miles

  • Texas Roadhouse

    1.57 miles

  • Aubrey's

    1.60 miles

  • Wendy's

    1.72 miles

  • Jersey Girl Diner

    2.43 miles

  • Fountain Plaza Mall

    0.10 miles

  • Food City

    0.73 miles

  • Ingles

    1.08 miles

  • Walmart Supercenter

    1.46 miles

  • ALDI

    1.61 miles

  • Crescent Plaza Shopping Center

    1.61 miles

  • Sherwood Commons

    2.65 miles

  • Food City

    3.22 miles

  • Walmart Neighborhood Market

    3.82 miles

  • Big Lots

    4.20 miles

Contact Listing Broker

broker

Chris Maling

Avison Young - US - CA - Los Angeles

(213) 618-3824