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Avison Young brokers $2.725 million sale of a single-tenant property occupied by Dutch Bros Coffee investment in San Antonio, Texas
![Avison Young brokers $2.725 million sale of a single-tenant property occupied by Dutch Bros Coffee investment in San Antonio, Texas](https://www.avisonyoung.com/documents/14473326/48433402/Dutch+Bros+San+Antonio.jpg/af8dc579-6b86-98bb-5e7c-d1098b864224?t=1644259714768)
Los Angeles, CA – Avison Young announced today it has brokered the $2.725 million sale of a single-tenant property occupied by Dutch Bros Coffee located at 4527 Rittiman Road in San Antonio, TX.
Avison Young Principals Chris Maling and David Maling represented the buyer, California-based 10477 Holdings, LLC. The seller, Texas-based CVP - Rittiman DB, LLC was represented by SRS National Net Lease Group.
The property opened for business February 2022. Situated on a 1.12-acre site, the 871 square-foot building includes two large pylon signs which offer great visibility from Interstate 35. The property is also strategically located along a major retail corridor with nearby national credits tenants such as Walmart, Lowes, and McDonalds.
“This opportunity offered the buyer a 15-year absolute triple-net corporate-guaranteed leased investment, three five-year options to extend and no landlord responsibilities,” said Chris Maling. “It was an ideal fit for a cash-flowing, long-term hold.”
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For more information:
Media Contact:
Darcie Giacchetto, Media Relations Specialist – Southwest, +1 949 278 6224
Business Development:
- Chris Maling, Principal, Avison Young +1 213 618 3824
- David Maling, Principal, Avison Young +1 213 618 3825