Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the brand-new construction, single-tenant Dutch Bros located at 220 E Dayton Yellow Springs Rd in Fairborn, Ohio (“Property” or “Asset”). The Property is occupied by Boersma Bros (“Tenant”, dba “Dutch Bros”) and is operating on a 15.0-year absolute NNN lease with 10% rent increases every 5 years, three, five-year options and zero landlord responsibilities.

Located on Yellow Springs Road, the Property is exposed to over 14,500 VPD and at a center point between Interstate 675 and Highway 444, providing interconnectivity throughout the Dayton market and its suburbs. This location provides access to a population of ±76,000 and average household incomes surpassing $112,000 within a 5-mileradius.

The Property benefits from nearby retail draws, contributing to the areas retail strength. The Shoppes at Valle Greene (1.1-miles) attracts ±4.9M annual visitors and ranks in the 95th percentile of shopping centers nationwide (Placer.ai). Additionally, Beavercreek Towne Center (1.75-milles) and The Mall at Fairfield Commons(2.2-miles) combine for an additional 10M annual visitors (Placer.ai). Finally, Wright State University provides an economic anchor to the area with a student population of ±12,000.

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Attributes

Asking price

HK$22,994,000

Cap rate

5.6%

NOI

HK$1,288,000

Remaining lease term

15 years

Year built

2026

Building area net

950 sf

Lease type

Absolute Triple Net

Media

Investment Highlights

Zero Landlord Responsibilities: Absolute NNN Lease structure
Long-Term Lease: 15 years of initial lease term
Renewal Upside: Three, five-year renewal options
Built-In Rent Growth: 10% rent escalations every 5 years
Growing Brand: Dutch Bros is one of the fastest-growing QSR beverage brands in the U.S.
Affluent Trade Area: $112K average household income within a 5-mile radius
University Anchor: Nearby to Wright State University, 12,000 students
Strong Retail Draw: 15M combined annual visitors across nearby malls & shopping centers
Military/Economic Anchor: Adjacent to Wright-Patterson Air Force Base, 38,000 on-site personnel
Regional Investment Momentum: $1.7B in Fairborn regional investment in 2025