404 31 BypBowling Green, KY 42101

Property Details for 404 31 Byp

Year built

2024

Lot size

0.47 AC

Property size (Sq ft)

950 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros Coffee located at 404 U.S. 31 W Bypass in Bowling Green, Kentucky. The property boasts a prime location directly across from The Medical Center at Bowling Green, a 337-bed hospital generating over $1 billion in annual revenue. This high-traffic area also benefits from proximity to a top-performing Kroger (within the top 25% nationally), Western Kentucky University (approximately 16,500 students), and numerous other retail centers including Greenwood Mall, Shoppes at Gary Farms, and several major big-box retailers. The 15-year absolute NNN ground lease, commencing July 7, 2024, and expiring July 31, 2039, includes four, 5-year renewal options with a 10% rent increase every five years, providing excellent inflation protection. The property features 11 parking spaces and sits on a 0.47-acre lot. With a current NOI of $107,000 and an asking price of $2,038,000, this represents a compelling 5.25% cap rate. The tenant, Dutch Bros Coffee, is a rapidly expanding national coffee chain with a strong track record of growth and financial stability. This is a truly passive investment opportunity with minimal landlord responsibilities, offering significant long-term potential in a thriving Kentucky market. The property was built in 2024 and is currently 100% occupied. The ground lease also expires July 31, 2039.

Location Insight

City

Bowling Green

County

Warren

State

Kentucky

Latitude

36.9951

Longitude

-86.4258

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