1259 3rd Ave Chula Vista, CA
Call to check price and availability
New 15-year absolute NNN ground lease with rent increases.
Type:RETAIL
Property size:
950 SFLot size:
1.25 AcresPrice / SF:
$2,846/SF- Added:
- Aug 21, 2025
- Days on Market:
- 248
- Last Refresh:
- Apr 5 at 10:46 pm
Property Features for 1259 3rd Ave
General Information
- Standard status
- Active
- Size
- 950 SF
- Lot size
- 1.25 Acres
- Property subtype
- RETAIL
Listing agent Chuck Klein (858) 449-9922
Listing office SRS Real Estate Partners | San Diego (858) 449-9922
Listing date Aug 21, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | San Diego
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
Similar Places Nearby
- DORI BOBA — 520 Broadway STE 3, Chula Vista, CA 91910
- FUNNYS crepas y frappes — 625 H St, Chula Vista, CA 91910
- Jamba — 555 Broadway Ste. 135, Chula Vista, CA 91910
- Starbucks — 555 Broadway, Chula Vista, CA 91910
- Starbucks — 595 H St, Chula Vista, CA 91910
Location Insight
- Map
- Local Demand
- City
- Chula Vista
- County
- San Diego
- State
- California
- Longitude
- -117.065
- Latitude
- 32.6082
Nearby Similar for Sale
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.
