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Views: 54 DOM: 46 Updated: 10.18.24 Posted: 10.18.24 Status: Active

Summary

Price $1,273,684
Built/Renov 2017
Tenant Dunkin' Donuts (GL)
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 2,300
Lease Start 04-20-2017
#Units 13,200
Price/SF $553.78
Expiration 04-19-2032
Tenant Type Fast Food/QSR
NOI $60,500
R. Term 7.4
Ownership Ground Lease
Rent/SF $26.30
Increases 10.0%/2/yrs
Pop 5Mi 64,251
Lot/AC 0.68
Options 5/5yrs/10%
AHHI 5Mi $122,773

Lease Highlights

  • Dunkin’ Donuts has 7+ years remaining on the current ground lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Dunkin' Donuts is strategically located at the rotary intersection of Silver Street, Knox Marsh Road, and the Spaulding Turnpike on-ramp, with access to a combined daily traffic count of 15,400 vehicles. It is adjacent to and clearly visible from the Spaulding Turnpike, which sees 49,500 VPD and features a prominent Pylon Sign. Situated within Silver Square, a five-unit mixed-use condominium...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Corp Rated
  • Company:Inspire Brands, Inc.
  • # Units:13,200
  • 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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