Dutch Bros & Valvoline Net Lease Investment

Property Overview

Dual-tenant net lease investment at 118 and 124 W Hanley Avenue, on the hard corner of Government Way and Hanley Avenue, one of Coeur d’Alene’s most established retail corridors with 17,500+ vehicles per day.

Both tenants are publicly traded national brands. Dutch Bros (NYSE: BROS) has renewed at this site more than once. Valvoline (NYSE: VVV) pays 2% annual rent increases. Leases are NNN with options that can run through 2043.

A fit for 1031 exchange buyers, private investors and family offices looking for credit-backed income in North Idaho.

Property Features

• Two national, publicly traded tenants
• Corporate guaranteed leases
• Hard corner at Government Way and Hanley Ave
• Lease potential through 2043

Location Highlights

• Government Way and Hanley Ave, Coeur d’Alene
• 17,500+ vehicles per day
• Surrounded by national retailers, restaurants and services

Key Metrics

• Price: $5,147,000
• NOI: $205,880
• Cap rate: 4.0%
• Lease type: NNN
• Occupancy: 100%
• Dutch Bros: 437 SF, lease through 11/30/2027, 2 options remaining
• Valvoline: 1,496 SF, lease through 11/30/2028, 3 options remaining, 2% annual increases
• Lot: 0.61 acres
• Year built: 2007