• Available for purchase. Seller just reduced the price to $894,500 that's a 9% CAP now.
• 10,899sf gross
• 10,500sf leasable
• 42,022sf Land
• Block Construction
• Zoned CI
• Single Tenant
• 100% Occupied
• Dunkin Donuts Central Manufacturing Facility
• Absolute Triple Net Leased Investment property selling at 9%CAP.
• This 10,500 sq ft building is leased as a Dunkin Donuts Central Manufacturing Facility with a Five year lease.
• The lease commenced 6/4/2009 and is in the second year with an annual NNN rent of $79,560.00.
• The rate increases by 3% in year Three and by 4% in years Four and Five.
• The lease has one year left on it with a five-year option starting in 2015 with yearly 3% escalators following. Currently, they pay $7,386 yearly. The lease isn't quite NNN and not really modified gross either
The tenant is NOT Dunkin Donuts. The signatory on the lease is a personal guarantee not corporate. We do not know their net worth and certain they would not be very forthcoming with that personal information unless they felt that a buyer's interest was sincere (Letter of Intent). However, they would certainly need to provide that information as they would become the buyers tenant upon purchase. This discovery can be made a part of the due diligence process.
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.