Dutch Bros. Coffee | 5960 W Northern Ave

Cushman & Wakefield is pleased to present the opportunity to acquire a net-leased investment occupied by Dutch Bros Coffee, one of the fastest-growing drive-thru beverage brands in the United States. The property is secured by a brand-new absolute NNN lease, providing investors with a truly passive investment structure featuring zero landlord responsibilities and attractive contractual rent growth throughout the lease term. Founded in 1992 in Grants Pass, Dutch Bros has expanded from a single pushcart coffee stand into a nationally recognized beverage concept known for its energetic customer service model and highly efficient drive-thru operations. As of 2026, the company operates more than 1,136 locations across 25 states and continues its aggressive national expansion strategy, targeting over 2,000 locations by 2029 and a long-term potential exceeding 7,000 stores nationwide. Publicly traded on the NYSE: BROS since 2021, the company currently maintains a market capitalization of approximately $8.7 billion, further supporting its long-term growth trajectory. The subject property is located in Glendale within the densely populated northwest Phoenix metropolitan area and benefits from strong connectivity to U.S. Route 60 and surrounding arterial roadways, providing convenient regional access throughout the West Valley. The surrounding trade area includes more than 502,000 residents within a five-mile radius and strong household income demographics that support sustained retail demand. Positioned on approximately ±0.68 acres, the property features a newly constructed ±1,040-square-foot drive-thru building with an additional patio area and is scheduled for completion in 2026. The investment is backed by a 15-year build-to-suit lease with scheduled rent increases every five years, offering investors stable long-term income supported by one of the nation’s most dynamic and rapidly expanding beverage concepts. This offering represents an opportunity to acquire a newly developed Dutch Bros Coffee investment featuring durable passive income, strong underlying real estate fundamentals, and long-term value potential in a high-growth metropolitan market.