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Views: 75 DOM: 93 Updated: 10.24.24 Posted: 08.19.24 Status: Active

Summary

Price $2,528,000
Built/Renov 2024
Tenant Dunkin' Donuts (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 1,860
Lease Start 08-01-2024
#Units 13,200
Price/SF $1,359.14
Expiration 08-01-2039
Tenant Type Fast Food/QSR
NOI $132,713
R. Term 14.8
Ownership Ground Lease
Rent/SF $71.35
Increases 10.0%/5/yrs
Pop 5Mi 156,315
Lot/AC 0.69
Options 3/5yrs/10%
AHHI 5Mi $105,348

Lease Highlights

  • Brand-new 2024 construction
  • Dunkin' Donuts has 14+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dunkin' Donuts is strategically located at the signalized hard corner intersection of Pearl Road and Whitney Road, with access to a combined daily traffic count of 40,965 vehicles. The property is adjacent to well-known national tenants such as Walmart Supercenter and Target. Walmart attracts 3.3 million annual visits, ranking in the top 5% of locations in Ohio and the top 15% nationwide,...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,263 59,534 153,469
2024 Total Population : 5,364 60,628 156,315
2024 Employed Civilian Pop : 3,299 32,504 84,542
2024 Total Businesses : 183 2,741 5,564
2024 Average Household Income : $ 95,911 $ 108,997 $ 105,348
2024 Total Consumer Spending : $ 220 M $ 2544 M $ 6257 M
2024 Median Age : 37 45 45
2024 Total Households : 2,571 26,684 67,870
2024 Pop Age 25+: Bachelor's Degree : 1,352 11,855 27,742
2024 Average Home Value : $ 258,517 $ 262,839 $ 260,724
*ESRI data is presented for informational purposes only

Listing Broker

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