Dutch Bros Coffee

Prattville, Alabama, is a charming small city located in central Alabama, about 15 miles northwest of Montgomery, nestled along the banks of the scenic Autauga Creek. Known as “The Fountain City” for its abundance of artesian wells, Prattville blends historic Southern charm with modern amenities. The city was founded in 1839 by industrialist Daniel Pratt, whose legacy still lingers in the form of the historic district, where his old gin factory and several other 19th-century buildings create a picturesque downtown area. Prattville’s landscape is a mix of gently rolling hills, lush greenery, and well-maintained parks. Pratt Park is a local favorite, with a lake, playgrounds, and open spaces perfect for picnics and community gatherings. The Robert Trent Jones Golf Trail at Capitol Hill is another major attraction, drawing golf enthusiasts from across the region with its challenging courses and beautiful vistas. The community is known for its welcoming atmosphere, rich local traditions, and a slower-paced lifestyle, offering a peaceful escape from the bustle of nearby cities. The schools, tight-knit neighborhoods, and local festivals, like the Prattville CityFest, reflect the strong community spirit and Southern hospitality that Prattville is known for. With its proximity to Montgomery and an ever-growing array of local businesses and restaurants, Prattville balances small-town charm with a convenient location.Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Prattville, Alabama. It is part of the 176,549 SF Prattville Shopping Center located at the crossroads of a major signalized intersection. The center is convenient to several large and well-established single family and multi-family communities and within 2 miles of Baptist Hospital, the premier medical center in the city! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The store is currently completing construction with opening & rent start on track for December 2024! This Dutch Bros. benefits from being surrounded by national tenants in a huge retail hub including across the street from Aldi & Walmart. The shopping center is located on a signalized corner seeing 37,727 cars per day. The site has easy and quick access to both Highway 31 (24,662 ADTC) & I-65 (63,643 ADTC). The 5 mile population from the site is 50,071. The 1 mile household income is $79,409. This area is also seeing steady population growth. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $154,320.