WESTMINSTER, February 6, 2020 – AQYRE Real Estate Advisor’s Matt Lewallen has brokered the $2,220,000 sale of Dutch Bros Coffee, a retail shop located near the intersection of I-25 & 136th Avenue. The Cap Rate on this investment purchase was 5%.
“The buyers are very happy with the purchase! They had been looking for well located, strong tenant, net leased properties for almost 2 years. When this came together the process was nearly seamless.”
For more information on this investment or current market conditions, contact Matt Lewallen, Principal | AQYRE Real Estate Advisors, at 720.738.1949 or Matt@NorthPeakCRE.com. Blue West Capital represented the seller.
Sale Highlights
- 270 W 136th Ave, Westminster, CO 80234
- $2,220,000
- Closed 2/6/2020
- 5% Cap Rate
- Strong trade area anchored by Wal-Mart Supercenter
- Brand new construction with a 15-year lease
About Dutch Bros Coffee
Dutch Bros Coffee was founded in 1992 by Dane and Travis Boersma: brothers of Dutch descent. After three generations in the dairy business, government regulations pressed the family to sell the cows. What felt devastating turned out to be a blessing in disguise. Today, Dutch Bros Coffee is the country’s largest, privately held drive-thru coffee company, with 380 locations and 12,000 employees in 7 states. But growth hasn’t taken the company away from its roots. Dutch Bros still gives away drinks — now over one million each year — to further the bros.’ mission of “spreading the Dutch Luv.”
About AQYRE Real Estate Advisors
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. The not-so-secret to our success is our 50+ years of investment experience in the Denver market and our commitment to collaboration among ourselves and our peers. Sharing our relationships and opportunities with other brokers in our market assures our clients access to the best deals . We aren’t defined by our individual success, we are defined by the success of investors who we are fortunate to call clients.
