Cushman & Wakefield announced today the firm has brokered the sales of three newly constructed freestanding drive-thru retail buildings fully leased to Dutch Bros Coffee—including one in Commerce City, Colorado and two in Arizona—for a total combined value of $5.65 million.
15431 E 104th Ave in Commerce City, a new 842-square-foot drive-thru building built in 2019, traded for approximately $2.1 million. The seller was TTRG Commerce City CO, LLC of Terry Haute, IN, and the buyer was Scottsdale-based Mohrschladt-Howarth Associates Inc. 104th Ave is a major thoroughfare through Commerce City and the property sits at a King Soopers Marketplace-anchored intersection boasting numerous national retailer names.
9330 E. Golf Links Rd in Tucson, AZ, an 824-square-foot drive-thru building, was acquired by Phoenix-based 725 South Dobson Road, LLC for approximately $1.8 million. 2250 AZ Highway 95 #42, Bullhead City, AZ., a brand new 862-sf drive-thru building constructed in 2020, sold for $1.75 million.
Chris Hollenbeck and Shane Carter with Cushman & Wakefield’s Phoenix office led the sales efforts for the single-tenant net leased investment properties, representing the sellers in each transaction. Cushman & Wakefield’s Robert Hudgins in the firm’s Denver office joined Hollenbeck and Carter in representing the seller.
“These were all fantastic, well located investment opportunities supported by strong new long-term lease terms with the largest privately owned drive-thru coffee company chain in the U.S. Each location is along major, heavily-trafficked roadways with high visibility, and amongst other major retailers further helping drive traffic to these locations, while also serving the surrounding residential and those visiting,” Hollenbeck said.
