Porterville, CA 93257

Dutch Bros Ground Lease

Property Address

451 West Vandalia Avenue, Porterville, CA, USA

Offering Summary

  • Price: $1,571,400
  • Lot Size: .74 Acres
  • Cap Rate: 5.25%
  • Year Built: 2024
  • Building SF: 800
  • Status: Available
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  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease with Dutch Bros (NYSE: BROS)
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2024 Construction with a Drive-Thru
  • 73,330 Residents within a 5-Mile Radius in Growing Porterville Trade Area
  • Situated in Riverwalk Marketplace, Anchored by Lowe’s
  • Hard Corner Location Visible to 67,700+ Cars per Day at the Intersection of South Jaye Street and West Poplar Avenue / Highway 190
  • Immediate Proximity to the Walmart Distribution Center (1,000+ Employees) and Porterville College (5,000+ Students)
  • Surrounded by National Tenants: ALDI, The Home Depot, Burger King, and More

Broker Information