Sell Your Dutch Bros Property

Considering a sale of your Dutch Bros property? NNN Realty specializes in net lease investment sales across the U.S. Below, we cover how buyers value Dutch Bros shops, the lease and site details that matter most, and how the selling process works.

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The Dutch Bros Market at a Glance

Short Answer

A Dutch Bros property’s value depends on the rent, the years left on the lease, and whether the company or a franchisee stands behind it. Because the buildings are small and built around a double drive-thru, buyers also weigh the land, corner visibility and room for cars to queue. The lease form (ground lease or building lease) and any tenant right to match offers affect both price and timing.

Typical cap rate
5% to 5.75%
Typical sale price
$2M to $2.5M
Typical term left at sale
15 to 20 years
Typical lease type
NNN

Approximate ranges from NNN Realty’s tracking of Dutch Bros listings and reported sales, with data as of October 1, 2026. They are a starting point, not an appraisal or a quote of current pricing: your property’s value depends on its lease, location and condition.

How to Sell Your Dutch Bros Property

Selling a Dutch Bros property starts with confirming who stands behind the lease and how your site compares with the many new shops reaching the market. We guide owners through valuation, marketing, offers and closing.

  1. Property Review & Valuation

    We review the lease form (ground lease or build-to-suit net lease), the tenant entity and guarantor, the remaining term, rent schedule and renewal options, and any right of first refusal or right to match offers. We also study the drive-thru layout, stacking room, access and visibility, then benchmark the property against recent Dutch Bros trades to recommend an asking price.

  2. Market Positioning & Buyer Targeting

    Dutch Bros shops attract 1031 exchange buyers, private investors and groups that track fast-growing drive-thru brands. Because many Dutch Bros properties are listed at once, we build the offering memorandum around what sets yours apart (term, guarantor, site and traffic) and use professional and drone photography to show the queuing lanes and corner position before contacting qualified buyers.

  3. Offers, Buyer Qualification & Negotiations

    We judge offers on price, financing or proof of funds, closing history, exchange timing and due diligence requests. If the lease gives the tenant a right of first refusal or a right to match, the agreed terms may need to be presented to the tenant first. We negotiate a non-binding Letter of Intent (LOI) on the business terms, then a Purchase and Sale Agreement (PSA).

  4. Due Diligence & Closing

    After both sides sign the PSA, due diligence often lasts about 30–45 days. The buyer reviews the lease, title, survey, environmental reports and site condition, and can usually cancel during this time and recover its earnest money.

    We coordinate documents, site visits and communication among attorneys, the title company and the lender, and we request a tenant estoppel confirming the lease terms. Depending on the PSA, the deposit may become nonrefundable when due diligence expires, subject to its exceptions, and closing commonly follows in another 15–30 days. Timelines vary.

What Is My Dutch Bros Property Worth?

A Dutch Bros property is valued on its net operating income (NOI) and the capitalization rate (cap rate) buyers will accept. Not every Dutch Bros trades at the same cap rate. The guarantor, the lease form, the term remaining and the quality of the drive-thru site all shift what buyers are willing to pay.

How Cap Rates Affect Your Property’s Value

A cap rate represents the relationship between a property’s annual net operating income and its purchase price. Generally, a lower cap rate results in a higher property value, while a higher cap rate results in a lower value.

Example: $130,000 annual NOI at 5.5% cap rate = approximately $2,363,636 estimated property value.

Property Value = Annual NOI ÷ Cap Rate

Cap rate calculator

5.50%

Estimated property value$2,363,636

Illustrative calculation only. Actual sale prices depend on property characteristics and market conditions.

Factors That Influence Dutch Bros Property Values

  • Company or Franchise Guarantee

    Leases for company-operated shops are typically signed by a Dutch Bros subsidiary, while franchised shops rely on the franchise operator. Buyers check the guarantor first, and the answer can change pricing noticeably.

  • Ground Lease or Building Lease

    On a ground lease you own the land and the tenant owns the building, which buyers often view as lower maintenance. Under a build-to-suit lease you own the building too, so buyers look closely at landlord duties and building condition.

  • Remaining Lease Term

    Fresh leases with most of their initial term ahead draw the widest buyer interest. With fewer years left, buyers focus on renewal likelihood and on what the site could earn from another drive-thru user.

  • Drive-Thru Stacking & Visibility

    With buildings this small, the site carries much of the value. Corner visibility, easy access and room for a long line of cars in the double drive-thru all support stronger pricing.

  • Rent Increases & Tenant Purchase Rights

    Rent is often fixed for the first five years and then steps up, so the timing of the next increase matters. A tenant right of first refusal or right to match can also affect timing and buyer competition.

Dutch Bros as a Tenant

Dutch Bros is a publicly traded drive-thru coffee chain founded in Grants Pass, Oregon, and headquartered in Tempe, Arizona. Most shops are company-operated, and their leases are commonly signed by Boersma Bros. LLC, a Dutch Bros subsidiary, while franchised shops are leased by independent operators. The tenant entity and any guarantee should be confirmed from your lease.

As of June 30, 2026, Dutch Bros had 1,225 shops, 888 company-operated and 337 franchised. It opened 48 shops in the second quarter of 2026, 44 of them company-operated, still expects at least 185 openings for the year, and recently acquired shops from one of its Phoenix franchisees. Its annual report says shop leases generally have 15-year initial terms with renewal options and are typically net leases.

Parent company
Dutch Bros Inc. (NYSE: BROS)
Shops
1,225 as of June 30, 2026 (888 company-operated, 337 franchised)
Credit rating
No public credit rating identified; financial results are public through SEC filings
Common lease terms
Often a 15-year build-to-suit lease or a 20-year ground lease with five-year renewal options, usually net, with rent fixed for five years and then rising. Confirm the tenant, guarantor and any right to match offers in your lease.
Typical site
About 400 to 1,000 square feet on 0.5 to 1 acre with a double drive-thru

Company facts checked October 20, 2026. Sources:

What Is Your Dutch Bros Property Worth?

Thinking about selling your Dutch Bros property? NNN Realty can estimate its current value through a review of your lease and guarantor, the site’s drive-thru layout, recent comparable sales, and current buyer demand.

Whether you are ready to list or simply comparing options, we can provide a clear, informed assessment.

Request a Property Valuation

NNN Realty is not affiliated with Dutch Bros Inc.. Market ranges are approximate, based on listings and sales tracked through October 1, 2026, and the calculator is illustrative. Nothing here is tax, legal or investment advice.