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Views: 9 DOM: 1 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 15.2
Ownership Fee Simple
Rent/SF $60.95
Increases 1.5%/1/yrs
Pop 5Mi 111,051
Lot/AC 0.62
Options 5/5yrs/1.5%
AHHI 5Mi $109,624

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 is guaranteed by an established franchisee (100+ unit operator)

Location Description

Dunkin’ Donuts is strategically located at the hard corner intersection of Southport Road and Franklin Road, with access to a combined daily traffic count of 15,300 vehicles. The property serves as an outparcel to a Kroger-anchored center, surrounded by prominent national tenants such as Taco Bell, McDonald’s, Meijer, Chick-fil-A, and Target. It is also near several single-family communities...

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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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