The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

The Boulder Group Arranges Sale of New Construction Dutch Bros Property in Colorado Springs, CO

The Boulder Group Arranges Sale of New Construction Dutch Bros Property in Colorado Springs, CO
Zach Wright and Brandon Wright exclusively represented the seller in the transaction.

The Boulder Group has completed the sale of a single tenant Dutch Bros property located at 1826 South Academy Boulevard in Colorado Springs, CO for $2,008,000. Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a developer based in the Southwest and the buyer was a 1031 exchange investor based in Southern California.

The brand-new construction Dutch Bros property is located along South Academy Boulevard within a densely populated area. There are over 21,000 people living within one mile of the property. The Dutch Bros is in the immediate proximity to several schools including Sierra High School, Atlas Preparatory High School, Centennial Elementary School, Atlas Elementary School, and Carmel Community School.

The Dutch Bros property features a new 15-year absolute triple net lease. The lease includes 10% rental increases every five years and zero landlord responsibilities. Dutch Bros is a publicly traded company (NYSE: BROS) with a $6 billion market capitalization. Dutch Bros has approximately 850 locations and very aggressive expansion plans to continue serving their cult-like following.

“Dutch Bros properties offer passive investors a long-term lease with fixed rental increases and zero landlord responsibilities. They have one of the most landlord-friendly leases in the net lease space. With an average unit volume of approximately $2M, these drive thru only properties have great unit-level profitability. Dutch Bros properties are highly sought after amongst 1031 exchange investors because of these reasons. Despite a slower market, we received numerous offers for this property,” stated Zach Wright, Vice President.

“Single tenant properties in Colorado continue to command a premium compared to the rest of the U.S. - and we have a proven platform to help sellers achieve this premium. As a result, this property sold for a lower cap rate than the national median asking cap rate for all Dutch Bros properties, which includes California and ground leases,” added Brandon Wright, Associate.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

Media Contact
Company Name: The Boulder Group
Contact Person: Zach Wright
Email: Send Email
Phone: 720-604-2220
Address:1805 S Bellaire Street, Suite 355
City: Denver
State: Colorado
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html


Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.