Available For Sale - Retail

29,620 SF | Show Pricing $

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LISTED BY

Chris Maling
Avison Young, 213-618-3824
David Maling
Avison Young, 213-618-3825
Warren Smith
Avison Young, 615-727-7409

AVAILABILITY DETAILS

Size
29,620 SF
Price/SF
Show Pricing $
Listing ID
SA534438
Notes
Investment summary

Overview

Highlights

Avison 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.

SUBJECT PROPERTY

• ±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 fiveyear options

• 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)



Cap Rate in January 2028:

5.90%
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young