NNN Retail Dutch Bros – Acquisition

Midwest, US

$1,100,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to source senior debt for the acquisition of a Dutch Bros location in the midwestern US.

Property Description

The property is a retail asset that has an absolute 15-year NNN lease with Dutch Bros that recently commenced. There is a drive-thru attached to the 1,000 SF property.

Sponsors

The Sponsor is an experienced commercial real estate owner and investor with another four properties in his portfolio making for a strong net worth.

Challenges

  • Many third parties to coordinate with
  • Time crunch prior to Sponsor’s international vacation
  • Intricate trust structure with multiple other parties and buyouts

Solutions

  • Tauro went above and beyond to streamline communication
  • Multiple notaries scheduled out of state to ensure Loan Docs were signed on time
  • Coordinated with lender legal and multiple attorney offices to amend issues

Funding

  • Loan To Value: 55%
  • Term: 10 Years
  • Amortization: 30 Years
  • Interest Rate: 6.70%
  • Fixed Term: 7 Years
  • Prepayment: Step Down
  • Close Date: 2/29/2024

Managing Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-225-3165

ealvarez@taurocapitaladvisors.com