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Views: 66 DOM: 50 Updated: 08.14.24 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 11.4
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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Listing Broker

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