First Dutch Bros In South Florida Opening Summer 2026
2050 S US Hwy 1
Fort Pierce, FL

Property Details
available
Address
2050 S US Hwy 1
City
Fort Pierce, FL
Zipcode
34950
Net Operating Income
Year Built
2026
Cap Rate
5.05
Lease Structure
Lot Size
950 SF
Lease Term
Building Size
SQ FT
Highlight
Investment Details
Brand-new build-to-suit Dutch Bros Coffee featuring a 15-year absolute NNN lease with corporate guaranty (NYSE: BROS), delivering long-term, passive income with zero landlord responsibilities. This freestanding property marks the first Dutch Bros location in South Florida, opening Summer 2026, and is located along South US Highway 1 with strong traffic exposure and proximity to the redeveloped Gateway Plaza, home to multiple national retailers. The lease includes 10% rent increases every five years, providing durable income growth, while Dutch Bros’ proven drive-thru model and continued national expansion support long-term investment stability.
Investment Highlights
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with zero landlord responsibilities
- Long Term Lease - Brand-new 15-year lease term with three (3), five (5) year renewal options, signaling long-term tenant commitment and stability.
- Brand New Construction - Build-to-suit (BTS) designed specifically for Dutch Bros’ proven prototype, allowing for optimal efficiency and continuous success of dominant market share throughout the US.
- Prime Positioning Along US-1 Retail Corridor - Fronting South US Highway 1, Fort Pierce’s most active retail corridor, the property captures strong commuter traffic and daily repeat patterns essential for high-throughput drive-thru operators, with 37,182 VPD on Hwy 1 and Virginia Avenue.
- Gateway Plaza Redevelopment Modernizes Retail Environment - The multi-phase redevelopment of Gateway Plaza has introduced new national retailers including Starbucks, Ross Dress for Less, Burlington, Planet Fitness, and Five Below as core components of the center’s modernization. A new Chase Bank branch is currently under construction, further elevating credit quality within the center and strengthening Highway 1 as Fort Pierce’s dominant commercial spine.
Broker of Record
BRIAN BROCKMAN
LIC BK3327646 (FL)
Asking Price
3,364,554
cap rate
5.05
%
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