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Views: 171 DOM: 121 Updated: 11.08.24 Posted: 08.22.24 Status: Active

Summary

Price $1,375,000
Built/Renov 1974/2014
Tenant Dunkin' Donuts
Cap Rate 6.69%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,547
Lease Start 05-01-2024
#Units 25
Price/SF $888.82
Expiration 04-30-2034
Tenant Type Fast Food/QSR
NOI $92,000
R. Term 9.4
Ownership Fee Simple
Rent/SF $59.47
Increases 10.0%/5/yrs
Pop 5Mi 235,314
Lot/AC 0.52
Options 1/5yrs/10%
AHHI 5Mi $155,806

Lease Highlights

  • Dunkin' Donuts has 9+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Shyamji Donuts, Inc. (25 units backed)

Location Description

Dunkin' Donuts is strategically located at the signalized, hard corner intersection of Marlton Pike East and Greentree Road, with access to a combined daily traffic count of 98,700 vehicles. The property is surrounded by well-known national tenants, including Whole Foods Market, ShopRite, Aldi, CVS Pharmacy, Bank of America, and more. It is situated less than 1 mile from Exit 34A & 34B off...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Shyamji Donuts, Inc.
  • # Units:25
  • 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...


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Listing Broker

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