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Colliers announces sale of Dutch Bros Coffee, a NNN Ground Lease, in Cypress, Texas


Colliers is pleased to announce the sale of Dutch Bros Coffee ground lease located at 9415 Barker Cypress Road in Cypress, Texas. The buyer, a 1031 Exchange investor out of California, was represented by Brendan Kenevan of The Mansour Group.Todd MooreandConnor Duffyof Colliers represented the seller, CC TL Parkway, in the transaction.

 

The property is on a long-term ground lease and is located next to Lone Star College in the high-growth submarket of Cypress, Texas.

 

"We received multiple offers on this property within days of launching it to the market," said Todd Moore, Principal of Colliers. "Dutch Bros is expanding nationally and investors have been aggressively seeking these out as long-term investments. There were multiple competing Dutch Bros on the market when we launched this process, and this location attracted attention from a solid pool of buyers. We are extremely pleased to have completed this transaction on behalf of our client."

 

Dutch Bros Coffee is a coffee chain based out of Oregon with both company-owned locations and franchises throughout the United States. It was started in 1992 as a pushcart to serve fantastic coffee beverages and make connections within the community.

The property is located in Houston's Bridgeland retail submarket. The submarket contains 4.7 million square feet of retail space which is currently 96.6 percent occupied. 39,100 square feet of new retail delivered in the last 12 months and there are 66,000 square feet of retail space currently under construction in the submarket.



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Todd Moore

Principal

Houston

Todd Moore joined Colliers International | Houston in November 2020 as a Principal where he focuses on investment sales of industrial, office, retail and sale leaseback transactions.

Prior to joining Colliers, Mr. Moore served as Director at Stan Johnson Company (SJC) where he spent nine years representing buyers and sellers of net leased assets throughout the United States. During his time with SJC, he transacted close to half a billion in investment sales and was recognized with the Sales Excellence Award and as a Top 10 Producer. He brings more than 12 years of commercial real estate experience to the Colliers team and has a unique ability to effectively analyze and transact leased investment property. 

Mr. Moore’s primary focus is on developers and investor clients in the industrial, office and retail market sectors throughout the United States. His commitment to client services promotes the development of strong relationships with top developers, Real Estate Investment Trusts (REIT) and private investors across the country.

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Connor Duffy

Senior Associate

Houston

Mr. Duffy comes from a background of real estate experts across the country and has a deep understanding of finance. As a second generation advisor in the commercial real estate industry, Connor provides a deep level understanding and knowledge of market research and leasing services throughout Houston, Texas.

With time spent on the process and execution of evaluating properties, Connor understands the value of properties and assists clients, helping them get the most for their assets. After experiencing training from the top producers here at Colliers in Houston, he is equipped to secure tenants looking for placement assistance and help investors make smart business decisions. Connor strives to provide a top-notch experience throughout the entire commercial real estate process and customizes each individual client need that comes across his desk.

Prior to joining Colliers International | Houston, he earned his BBA with a concentration in real estate from Florida State University and spent time working at NAI TALCOR gaining an understanding for the real estate industry and property management sector.

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