Property details
Dunkin Donuts 20-Year Lease, Southeast Region
Additional Loan Info
Details provided upon authorization
Property Description
Dunkin Donuts 20-Year Lease
Dunkin Donuts located on a major southeast corner (24,350/7,850 ADT).
20 Year Lease
Brand New Construction
Overrides
Busy, signalized corner
One of the roads serves the 175,890 citizens of the area and is a primary east/westerly route that connects two major cities.
Numerous national credit tenants have taken advantage of the placement along the transportation corridor for the high traffic and visibility generated.
Located near Dunkin Donuts are a High School, a Tech College, a 12 Cinema Theaters, Publix, Kroger's, Home Depot, Office Depot, SunTrust Bank, Walgreens, PNC bank, Chic-fil-A and Wendy's.
Price PSF: $787.23
Rent PSF: $ 39.36
This is a Private, Confidential and Off-Market Offering. This property is quietly being offered and is not being widely marketed on commonly used large listing services.
About the Tenant
Tenant Information: Founded in 1950, Dunkin Donuts is the worlds leading baked goods and coffee chain, serving more than 3 million customers per day. Dunkin Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods. Dunkin Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for eight years running. The franchise tenant is one of the largest and most successful Dunkin Donuts franchisees in the Southeast United States. They have 34 stores and more under commitment or construction within the year.
Images
Highlights
- Status:
- Available
- Price:
- $1,850,000
- PSF:
- $787
- Cap Rate:
- 5.00%
- Annual Rent:
- $92,500
- Rent Increases:
- Overrides: 10% every 5 years after year 10
Property Information
- Building Size:
- 2,350 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Restaurant
- Units/Spaces:
- 1
- Land Area:
- 0.50 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Dunkin Donuts
- Lease Type:
- NN
- Lease Commencement:
- 03/17/2016
- Lease Expiration:
- 04/01/2036
- Lease Term:
- 20 years
- Lease Remaining:
- 11.3 years
- Landlord Responsibilities:
- Rent, Taxes, Insurance, Maintenance/Repair
- Options:
- 4 (5 yrs each)
Existing financing information
- N/A
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.