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Views: 275 DOM: 239 Updated: 12.11.24 Posted: 04.26.24 Status: Active

Summary

Price $1,364,000
Built/Renov 2012/2022
Tenant Dunkin' Donuts (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,849
Lease Start 12-01-2024
#Units 75
Price/SF $737.70
Expiration 12-31-2039
Tenant Type Fast Food/QSR
NOI $75,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $40.56
Increases 10.0%/5/yrs
Pop 5Mi 20,615
Lot/AC 0.30
Options 2/5yrs/10%
AHHI 5Mi $69,374

Lease Highlights

  • Dunkin' Donuts will be executing a brand new 15-year ground lease with 2 (5-year) and 1 (4-year, 11 months) 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 guarantee | Investment grade tenant

Location Description

Dunkin' Donuts is strategically located at the hard corner intersection of South Water Street and Mulberry Street, with access to a combined daily traffic count of 12,950 vehicles. The property enjoys proximity to well-known national tenants, including Family Dollar, Subway, Citizens Bank, and more. The 5-mile trade area is supported by a population of 20,615 residents with an average...

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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
2028 Total Population : 4,836 13,377 20,477
2023 Total Population : 4,901 13,644 20,906
2023 Employed Civilian Pop : 2,224 6,383 10,112
2023 Total Businesses : 344 769 935
2023 Average Household Income : $ 69,881 $ 76,038 $ 78,853
2023 Total Consumer Spending : $ 140 M $ 408 M $ 643 M
2023 Median Age : 49 47 48
2023 Total Households : 2,276 6,119 9,296
2023 Pop Age 25+: Bachelor's Degree : 552 1,617 2,616
2023 Average Home Value : $ 174,432 $ 177,760 $ 185,005
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Water Street Indiana Ave 2021 12,647 0.08 mi
Walnut St S Jefferson St 2017 4,502 0.12 mi
S Water St Jacob St 2017 12,952 0.17 mi
S Water St Willow St 2017 12,952 0.24 mi
Benjamin Franklin Highway Butler Rd 2021 18,781 0.28 mi
Maple St Cherry Aly 2009 181 0.29 mi
Market Street N McKean St 2022 3,858 0.31 mi
Market Street S McKean Way 2021 4,038 0.32 mi
N Water St Arch St 2019 7,455 0.34 mi
Market St N Grant Ave 2017 4,313 0.38 mi

Listing Broker

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