Dutch Bros Coffee is accelerating its national footprint with ambitious plans to open at least 160 new shops in 2025. The brand aims to reach 2,029 locations by 2029, signaling confidence in continued demand for its drive-thru-focused coffee model. In addition to store growth, Dutch Bros is preparing to enter the consumer packaged goods (CPG) space in 2026, expanding its brand beyond physical locations. No major closures have been reported this quarter, reinforcing the company’s operational consistency. In Q1 2025, Dutch Bros reported a 29% year-over-year revenue increase to $355.2 million, with systemwide same-store sales growth of 4.7% and a stronger 6.9% gain for company-operated shops.
For NNN investors, Dutch Bros presents a compelling opportunity as an emerging national tenant with strong sales growth, limited closures, and an adaptable, low-overhead operating model. The company’s focus on drive-thru service and streamlined operations makes its real estate particularly efficient, especially in smaller suburban and secondary markets. Investors should prioritize newly built locations with long-term corporate or franchise-backed leases, especially in fast-growing states like Texas, Arizona, and Florida. As Dutch Bros scales, early investment in well-situated properties may offer above-average rent growth and long-term value. With strong unit economics and a focus on innovation, Dutch Bros is becoming a rising star in the NNN coffee and beverage sector.