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Views: 57 DOM: 114 Updated: 10.15.24 Posted: 08.01.24 Status: Active

Summary

Price $1,713,000
Built/Renov 2017
Tenant Dunkin' Donuts | Baskin Robbins
Cap Rate 5.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,813
Lease Start 10-01-2022
#Units 100
Price/SF $944.84
Expiration 09-30-2032
Tenant Type Fast Food/QSR
NOI $88,221
R. Term 7.10
Ownership Fee Simple
Rent/SF $48.66
Increases 10.0%/5/yrs
Pop 5Mi 141,504
Lot/AC 1.05
Options 4/5yrs/10%
AHHI 5Mi $69,229

Lease Highlights

  • Dunkin' Donuts | Baskin Robbins has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by Purple Square Management Co. (100 units backed)

Location Description

Dunkin' Donuts | Baskin Robbins is strategically located on Mobile Highway, with excellent visibility and access to 36,500 vehicles passing by daily. The property is in close proximity to an extremely dense retail corridor with well-known national tenants including Walmart Supercenter, Lowe’s, Home Depot, ALDI, Discount Tire, Denny’s, and more. Additionally, it is situated just 5 miles from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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 : 9,160 72,341 141,687
2024 Total Population : 9,203 72,628 140,771
2024 Employed Civilian Pop : 4,365 30,919 61,978
2024 Total Businesses : 221 2,420 7,164
2024 Average Household Income : $ 65,449 $ 64,025 $ 70,991
2024 Total Consumer Spending : $ 211 M $ 1607 M $ 3541 M
2024 Median Age : 36 38 38
2024 Total Households : 3,627 28,039 55,965
2024 Pop Age 25+: Bachelor's Degree : 715 6,108 14,966
2024 Average Home Value : $ 182,227 $ 221,101 $ 289,703
*ESRI data is presented for informational purposes only

Listing Broker

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