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    1259 3Rd Ave Chula Vista, CA 91911

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    For Sale
    $2,704,545

    New 15-year absolute NNN ground lease with rent increases.

    Property size:
    950 SF
    Lot size:
    1.25 Acres

    Property Features for 1259 3Rd Ave

    General Information

    Size
    950 SF
    Lot size
    1.25 Acres

    Source: SRS Real Estate Partners | San Diego Agent Chuck Klein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dutch Bros Ground Lease Investment

    This property features a brand new 15-year absolute net ground lease with options to extend for three additional 5-year terms. The lease is corporate guaranteed by BB Holdings CA, LLC, and Boersma Bros, LLC, a company traded on the NYSE (BROS) with a market capitalization exceeding $8 Billion. Dutch Bros has approximately 1,000 stores and plans to open 160 new stores in 2025. The lease features a 10% rental increase every 5 years throughout the initial term and option periods. As an absolute NNN leased fee ownership, the tenant is responsible for all maintenance, property taxes, and insurance, offering a management-free investment opportunity. The property is located within a strong demographic area with over 198,000 residents and 90,000 employees. The average household income in the 3-mile trade area is over $100,000 and is projected to increase to $119,000 by 2029. Same store sales increased by 5.3% for 2024 and 6.9% in Q4 2024. Guidance for 2025 is $1.55B in revenue, up from $1.28B in 2024. Unit level sales for San Diego County locations have been exceptional. The property is suitable for coffee shops, restaurants, retail, and specialty purposes.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, Jamba, Starbucks, R&A Sourdough, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Chula Vista
    County
    San Diego
    State
    California
    Longitude
    -117.065282
    Latitude
    32.608234

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    FAQs

    What type of property is this?
    Coffee shop - New 15-year absolute NNN ground lease with rent increases.
    Where is this coffee shop located?
    The property is located at 1259 3Rd Ave Chula Vista, CA.
    What is the asking price?
    The asking price for this property is $2,704,545.
    What are key features of this property?
    This property features: - Corporate Guaranteed Ground Lease (NYSE: BROS) - guaranteed by Boersma Bros, LLC, a company with an $8 Billion+ market capitalization.; - Brand New 15-Year Absolute NNN Ground Lease with scheduled 10% rental increases every 5 years, providing income growth and inflation hedge.; - Absolute NNN Lease with Zero Landlord Responsibilities; tenant handles all maintenance, property taxes, and insurance.
    (858) 449-9922
    Request Owner's contact information
    1259 3Rd Ave Chula Vista, CA 91911
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    Chula Vista, CA 91911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1259 3Rd Ave Chula Vista, CA 91911
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