404 31 Byp Bowling Green, KY 42101
- Retail properties
- 950 SF
- 0.47 lot acres
Current Use by Public Records
- Retail properties
Property Details for 404 31 Byp
- Year built
- 2024
- Lot size
- 0.47 lot acres
- Property size
- 950 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros Coffee located at 404 U.S. 31 W Bypass in Bowling Green, Kentucky. The property boasts a prime location directly across from The Medical Center at Bowling Green, a 337-bed hospital generating over $1 billion in annual revenue. This high-traffic area also benefits from proximity to a top-performing Kroger (within the top 25% nationally), Western Kentucky University (approximately 16,500 students), and numerous other retail centers including Greenwood Mall, Shoppes at Gary Farms, and several major big-box retailers. The 15-year absolute NNN ground lease, commencing July 7, 2024, and expiring July 31, 2039, includes four, 5-year renewal options with a 10% rent increase every five years, providing excellent inflation protection. The property features 11 parking spaces and sits on a 0.47-acre lot. With a current NOI of $107,000 and an asking price of $2,038,000, this represents a compelling 5.25% cap rate. The tenant, Dutch Bros Coffee, is a rapidly expanding national coffee chain with a strong track record of growth and financial stability. This is a truly passive investment opportunity with minimal landlord responsibilities, offering significant long-term potential in a thriving Kentucky market. The property was built in 2024 and is currently 100% occupied. The ground lease also expires July 31, 2039.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.4258
- Latitude
- 36.9951
