STNL Dutch Bros. Coffee – Henderson, NV (Las Vegas MSA)

• Publicly Traded Company (NYSE: BROS)
  • Corporate Guarantee Through Primary Term
  • Over 1,000 Locations Open Across 18 States – 160+ New Locations to Open in 2025
  • Potential for 7,000+ Shops in the next 10-15 Years
• Buyer to Benefit from Growth of Credit Profile Over the Life of the Investment
• Over 11.7 Lease Years Remaining – Three 5-Year Options
  • 10% Rent Bumps Every 5 Years – Next Increase May 2027
• Limited Landlord Responsibilities – Landlord Responsible for Property Insurance
• Top Performing Store – 92nd Percentile Nationwide (Placer.ai)
• 850 SF Building with Double Drive-Thru on 0.5 Acre Parcel
• Positioned on Lake Mead Parkway (57,700+ VPD)
  • Adjacent to Interstate 515/11 (63,000+ VPD)
• 14 Miles from Downtown Las Vegas
  • MSA Population Exceeding 2.4 Million Residents
• 10 Miles from Harry Reid International Airport (LAS)
  • Over 58.4 Million Passengers in 2024
• Strong Demographics – Over 252,000 Residents within a 5-Mile Radius
• Average Household Income of Over $121,000 within a 5-Mile Radius