Matthews Logo

Navigation Menu

801 N 2nd Street, El Cajon, CA, 92021

DUTCH BROS
$3,225,806

Photos

Highlights

INVESTMENT HIGHLIGHTS

  • Brand New 15-Year Lease – Rent Commenced 6/24 but due to SDG&E delays, the store opened 1/9/25 and was one of the best openings in the history of Dutch Bros.
  • Absolute Net Lease – No Landlord Responsibilities.
  • Strategic Location/ Limited Competition – This is the only Dutch Bros in East County San Diego. Benefiting from ±26,000 VPD on N 2nd St, directly off interstate Hwy 8.
  • San Diego County Real Estate/High Barriers to Entry – This asset benefits from a population of over ±285,783 in a 5 -mile radius.
  • 2024 Construction – Dutch Bros most recent drive thru prototype.
  • Strong Rental Increases – The rent increases 10% in 2029, increasing investors yield to 5.12% within the first 5 years of ownership.
  • All Day Revenue – Dutch Bros Menu benefits from a wide range of options which creates revenue producing opportunities throughout the day, as opposed to specifically morning hours through only coffee sales. This location is open until 11:00 PM

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245

Key Information

Cap Rate
4.65%
Year Built
2024
Term Remaining
±15 Years
Type
Retail
NOI
$150