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Views: 134 DOM: 202 Updated: 10.24.24 Posted: 04.27.24 Status: Active

Summary

Price $950,000
Built/Renov 1997
Tenant Dunkin' Donuts
Cap Rate 10.06%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,000
Lease Start 05-20-2004
#Units 1
Price/SF $316.67
Expiration 10-31-2025
Tenant Type Fast Food/QSR
NOI $95,562
R. Term 0.11
Ownership Fee Simple
Rent/SF $31.85
Increases 0.0%/0/yrs
Pop 5Mi 102,929
Lot/AC 0.58
Options 2/20yrs
AHHI 5Mi $100,545

Lease Highlights

  • Dunkin’ Donuts has been operating in this location for 20 years
  • The tenant has 1 year remaining on the current lease term with 2 (20-year) options to extend
  • Rental increases at the start of each option period TBD
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

Dunkin' Donuts is strategically located on North Plank Road, with access to 10,610 vehicles passing by daily. The property is conveniently situated just 0.7 miles from I-84, which boasts a traffic count of 73,000 VPD. The immediate trade area is surrounded by well-known national tenants, including McDonald's, Burger King, Walgreens, Pizza Hut, and Ocean State Job Lot. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • 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
2028 Total Population : 4,659 53,140 104,006
2023 Total Population : 4,767 53,427 103,534
2023 Employed Civilian Pop : 2,393 24,933 49,361
2023 Total Businesses : 266 2,194 3,817
2023 Average Household Income : $ 118,939 $ 94,784 $ 108,566
2023 Total Consumer Spending : $ 171 M $ 1581 M $ 3575 M
2023 Median Age : 42 36 38
2023 Total Households : 1,707 19,427 38,606
2023 Pop Age 25+: Bachelor's Degree : 597 5,873 13,058
2023 Average Home Value : $ 340,999 $ 333,979 $ 352,520
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Gardnertown Road 2018 2,114 0.16 mi
N Plank Rd Gardnertown Rd 2008 15,130 0.21 mi
Blue Jay Dr 2021 154 0.29 mi
Gidney Avenue Gardnertown Rd 2021 11,179 0.31 mi
Gidney Ave 2021 62,320 0.55 mi
Chestnut Ln 2021 23 0.56 mi
Barton St 2021 9,754 0.61 mi
Dogwood Hills Rd 2021 267 0.62 mi
Route 9W Highland Ter 2018 15,601 0.73 mi
Powelton Rd 2021 8,286 0.73 mi

Listing Broker

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