One of the fastest-growing drive-thru brands in the country, at accessible price points, and what to check before you buy one.
A Dutch Bros NNN property is a small drive-thru coffee shop, often under 1,000 square feet with double drive-thru lanes and plenty of room for stacking, on a pad of roughly half an acre to an acre. New leases typically run 15 years with 10% rent increases every five years on an absolute NNN basis, and ground leases and fee-simple build-to-suits both trade. Dutch Bros (NYSE: BROS) is one of the fastest-growing restaurant brands in the U.S., with more than 1,225 shops in 26 states, about three-quarters of them company-operated, and plans to open at least 185 more in 2026. With price points of about $1.5 million to $3 million, Dutch Bros is a popular, accessible choice for 1031 exchange buyers.
Solid Investments FL is a NNN buyer’s brokerage with 21+ years in net lease and 225+ transactions. We help buyers find, underwrite and close Dutch Bros properties nationwide, and our buyer representation is always free to you.
| Tenant | Usually Dutch Bros corporate on company-operated shops; some shops are franchised. Confirm the tenant and guarantor on each lease |
|---|---|
| Headquarters | Tempe, Arizona |
| Credit | No public credit rating; publicly traded on the NYSE (BROS) |
| Shops | 1,225+ in 26 states (888 company-operated, 337 franchised as of mid-2026) |
| Typical lease term | 15 years with multiple 5-year options |
| Lease type | Absolute NNN; ground leases and fee-simple build-to-suits both trade |
| Rent increases | Typically 10% every 5 years |
| Typical cap rate (2026) | About 4.75%–5.75% |
| Typical price range | About $1.5M–$3M |
| Typical site | Small drive-thru building with double lanes on about 0.5–1 acre |
Shop counts as of mid-2026 (Dutch Bros Q2 2026 report). Cap rates and pricing reflect current market conditions and vary by deal.
Most Dutch Bros shops are company-operated, and those leases are typically corporate. A smaller number are franchised. Confirm who signs and guarantees the lease.
Dutch Bros has no public credit rating. Investors underwrite its rapid growth, public-company financials and the strength of the brand rather than an agency rating.
Volume is the brand’s hallmark. Sites with double drive-thru lanes, long stacking and easy in-and-out access perform best and keep the city happy.
The building is small, so most of the value is in the pad site. Strong traffic counts and a re-leasable corner pad are your long-term protection.
New leases typically include 10% increases every five years. Check the next bump and how many options remain.
Dutch Bros is expanding quickly into new states. A new store in a new market has less sales history, so weigh the location and trade area carefully.
Solid Investments FL is a NNN buyer's brokerage based in Lakewood Ranch (Sarasota), FL, with 21+ years in net lease and 225+ transactions. We help investors and 1031 exchange buyers find, underwrite and close Dutch Bros properties nationwide, and our buyer representation is free.
As of 2026, new Dutch Bros NNN properties generally trade between about 4.75% and 5.75% cap rates, depending on lease term, rent increases, location and whether the lease is corporate or franchised.
Most Dutch Bros shops are company-operated, and those leases are typically signed by Dutch Bros corporate. Some shops are franchised. Always confirm the tenant and guarantor on the lease you are buying.
No. Dutch Bros does not have a public credit rating from S&P or Moody's. It is a publicly traded company (NYSE: BROS), and investors rely on its growth, financials and brand strength.
Most new Dutch Bros NNN properties sell for about $1.5 million to $3 million, depending on rent, location and lease terms.
For many investors, yes. Dutch Bros offers long absolute NNN leases, scheduled rent increases and accessible price points. Because it has no credit rating and is expanding into new markets, location and site quality are especially important.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
Tell us your budget and timeline. We’ll show you on- and off-market Dutch Bros options, and our buyer representation is completely free.
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