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Views: 119 DOM: 156 Updated: 10.15.24 Posted: 07.19.24 Status: Active

Summary

Price $1,680,000
Built/Renov 2023
Tenant Dunkin' Donuts
Cap Rate 5.68%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,800
Lease Start 02-01-2024
#Units 14
Price/SF $933.33
Expiration 01-31-2036
Tenant Type Fast Food/QSR
NOI $95,400
R. Term 11.1
Ownership Fee Simple
Rent/SF $53.00
Increases 10.0%/3/yrs
Pop 5Mi 47,211
Lot/AC 0.94
Options 3/5yrs/10%
AHHI 5Mi $62,065

Lease Highlights

  • New 2023 construction
  • Dunkin' Donuts has 11+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term an option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease, backed by a strong operator With 14 Dunkin’ locations in their portfolio

Location Description

Dunkin' Donuts is strategically located on John T Reid Highway/US-72, with access to 19,300 vehicles passing by daily. The property is an outparcel to Home Depot and adjacent to The Shops of Scottsboro, a 2021 construction Publix-anchored center that features other well-known national tenants, including TJ Maxx, Tidal Wave Auto Spa, Jersey Mike’s, and more. Additionally, it is just 3 miles...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:14
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,157 10,509 15,746
2024 Total Population : 2,140 10,443 15,661
2024 Employed Civilian Pop : 892 4,194 6,374
2024 Total Businesses : 164 825 961
2024 Average Household Income : $ 75,949 $ 72,829 $ 76,067
2024 Total Consumer Spending : $ 68 M $ 293 M $ 458 M
2024 Median Age : 45 44 45
2024 Total Households : 995 4,469 6,693
2024 Pop Age 25+: Bachelor's Degree : 278 1,167 1,707
2024 Average Home Value : $ 183,661 $ 186,583 $ 200,222
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Veterans Dr 2021 1,906 0.20 mi
John T Reid Pkwy 2021 2,601 0.21 mi
John T Reid Parkway Veterans Dr 2014 14,180 0.28 mi
John T Reid Parkway Newport Dr 2021 20,213 0.33 mi
Veterans Dr Clifford Dr 2002 15,560 0.34 mi
Veterans Dr Lee Hwy 2014 1,410 0.40 mi
AL 279 John T Reid Pkwy 2021 7,044 0.41 mi
AL 279 John T Reid Pkwy 2021 7,211 0.44 mi
Veterans Drive Windsor Dr 2020 20,864 0.46 mi
Veterans Drive Clemons Rd 2021 20,864 0.46 mi

Listing Broker

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