Dutch Bros NNN — Elk Grove, CA

Updated November 4, 2026

$4,800,000 · 5.00% CAP · 20 YRS

Dutch Bros drive-thru at 8610 Elk Grove Blvd in Elk Grove, 1,522 SF on 0.49 acres, operating since 2015, fee simple absolute NNN, asking $4,800,000 at a 5.00% cap on $240,000 rent with 1.5% annual increases. The package calls it a new 20-year lease signed at closing, plus four 5-year options, and does not date the close. The guarantor is Garrett Innovations, Inc., an 18-unit franchise operator, not Dutch Bros corporate. Elk Grove Blvd is about 19,700 vehicles per day near Highway 99 at about 130,000, with 260,063 people within 5 miles, per the package. Five percent is 75 basis points below the 5.75% median of 196 active listings.

Lease Abstract

Price

$4,800,000

Cap rate

5.00% CAP

NOI

$240,000

Base term

20 YRS

Lease type

Absolute NNN

Increases

1.5% every year

Options

4 x 5-year

Guarantee

Franchisee

Building

1,522 SF

Lot

0.49 AC

Year built

2015

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

1,522 SF building, built 2015, 0.49 acres of land. $3,154/SF asking, $157.69/SF NOI. Rent increases: 1.5% every year. Renewal options: 4 x 5-year. Franchisee guarantee.

Location

Elk Grove, California — 8610 Elk Grove Blvd, Elk Grove, CA 95624. Full address and offering memorandum released on request — see our Dutch Bros tenant guide and the California market page for the underwriting context.