Dutch Bros NNN — Auburn, IN

Updated November 5, 2026

$2,806,427 · 5.85% CAP · 14.4 YRS

New 2026 Dutch Bros drive-thru at 1114 W Seventh St in Auburn, about 986 SF on 0.55 acres, fee simple, asking $2,806,427 at a 5.85% cap on $164,176 rent. The absolute NNN lease leaves roof, structure and parking with the tenant. It opened March 2026 and runs to March 2041, about 14.4 years, with 10% increases every 5 years and three 5-year options. The guarantor is the operator, Boersma Bros. LLC, not Dutch Bros Inc., so ask for its financials. Just off the I-69 exit. Auburn is the DeKalb County seat north of Fort Wayne.

Lease Abstract

Price

$2,806,427

Cap rate

5.85% CAP

NOI

$164,176

Term remaining

14.4 YRS

Lease type

Absolute NNN

Increases

10% every 5 years, including options

Options

3 x 5-year

Guarantee

Franchisee

Building

986 SF

Lot

0.55 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

986 SF building, built 2026, 0.55 acres of land. $2,846/SF asking, $166.51/SF NOI. Rent increases: 10% every 5 years, including options. Renewal options: 3 x 5-year. Franchisee guarantee. Primary term ends around 2041 (14.4 yrs left at listing, Nov 2026).

Location

Auburn, Indiana — 1114 W Seventh St, Auburn, IN 46706. Full address and offering memorandum released on request — see our Dutch Bros tenant guide and the Indiana market page for the underwriting context.