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Views: 234 DOM: 94 Updated: 09.18.24 Posted: 09.18.24 Status: Active

Summary

Price $2,226,000
Built/Renov 2024
Tenant Dunkin' Donuts
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,100
Lease Start 12-01-2024
#Units 100
Price/SF $1,060.00
Expiration 11-30-2039
Tenant Type Fast Food/QSR
NOI $128,000
R. Term 14.11
Ownership Fee Simple
Rent/SF $60.95
Increases 1.5%/1/yrs
Pop 5Mi 198,208
Lot/AC 0.51
Options 5/5yrs/1.5%
AHHI 5Mi $89,468

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by an established franchisee (100+ unit operator)

Location Description

Dunkin' Donuts is strategically located on Thompson Road, with access to 17,700 vehicles passing by daily. The property provides convenient access to both Interstate 65 (127,700 VPD) and Interstate 465 (124,400 VPD), major routes in the Indianapolis metropolitan area. As an outparcel to the East Thompson Shopping Center, it is surrounded by prominent national retailers, including Kroger,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:100
  • Tenant S&P: B+
  • Moody’s: B2
  • Stock:Private

About Tenant

Dunkin' Donuts LLC, also known as Dunkin' and by the initials DD, is an American multinational coffee and doughnut company and a quick service restaurant. The chain sells over 50 varieties...


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Listing Broker

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