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2990 Cloverdale Rd, Florence, AL, 35633

Dutch Bros
Closed

Key Information

Tot. SF
950
Type
Retail

Highlights

  • Prime Location in Florence – Situated in Florence, Alabama, a growing city within the Huntsville MSA, offering access to both local and regional customers while benefiting from nearby economic growth.
  • High-Traffic Area – Located on Cloverdale Road, a key retail and commercial corridor in Florence, with strong daily traffic, ensuring high visibility and consistent customer flow.
  • Strategic Commercial Hub – Close proximity to major retailers, dining options, and other commercial developments, providing strong foot traffic and visibility in a bustling area.
  • Growing Regional Market – Florence is part of the rapidly expanding Northwest Alabama region, with increasing demand for services and retail options, positioning this location for sustained success.
  • Rapid Brand Growth – Dutch Bros, one of the fastest-growing coffee chains in the U.S., just opened their 1000th store.
  • Financially Strong Tenant – Backed by a publicly traded company (NYSE: BROS), offering a reliable and secure lease for investors.
  • Corporate Guarantee – Backed by Dutch Bros Coffee, a rapidly growing publicly traded company (NYSE: BROS) with over 835 locations and ambitious expansion plans.
  • Long-Term Lease – New 15-year lease with built in 10% increases every 5 years.
  • Zero Landlord Responsibilities – Absolute NNN lease structure, meaning no landlord obligations and offering a completely passive income stream.
  • Options to Extend – Includes three 5-year extension options, ensuring flexibility and long-term security.
  • Strong Rental Increases – 10% rent increases every five years, offering a reliable hedge against inflation.

Photos

Location

Agents

Financing Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203