loader
Join Free
DOM: 93 Updated: 01.29.24 Posted: 09.01.23 Status: Sold 12.04.23

Summary

Price $2,500,000 $2,500,000
Built/Renov 2018
Tenant Dunkin' Donuts
Cap Rate 6.00% 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,368
Lease Start 11-01-2023
#Units 100
Price/SF $1,827.49 $1,827.49
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $150,000
R. Term 13.5
Ownership Fee Simple
Rent/SF $109.65
Increases 1.5%/1/yrs
Pop 5Mi 131,592
Lot/AC 1.00
Options 5/5yrs/1.5%
AHHI 5Mi $97,951

Lease Highlights

  • Dunkin’ Donuts will execute a brand-new 15-year lease with 5 (5-year) options to extend at close of escrow
  • Lease features a 1.50% annual rental increase throughout the initial term and each option
  • Absolute NNN | Zero Landlord Responsibilities
  • Lease guaranteed by GOC RealCo, LLC (100 units backed)

Location Description

Dunkin’ Donuts is strategically located along Burlington Pike (State Hwy 18) with access to over 51,000 vehicles per day. The property benefits from direct access onto Interstate 71, a north-south interstate highway, seeing 183,400 VPD. The site is ideally situated within a dense retail corridor with neighboring national/credit tenants including McDonald’s, KFC, IHOP, Take 5 Oil Change, Panera...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:GOC RealCo, LLC
  • # Units:100
  • 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, as well as a quick service restaurant. The chain sells over 50...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,564 61,171 134,874
2023 Total Population : 6,488 59,102 131,457
2023 Employed Civilian Pop : 3,398 30,037 66,199
2023 Total Businesses : 432 2,789 4,891
2023 Average Household Income : $ 113,149 $ 93,470 $ 97,954
2023 Total Consumer Spending : $ 261 M $ 1935 M $ 4236 M
2023 Median Age : 45 38 38
2023 Total Households : 2,682 23,958 50,226
2023 Pop Age 25+: Bachelor's Degree : 1,060 7,906 20,056
2023 Average Home Value : $ 205,543 $ 205,888 $ 221,632
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Burlington Pike Ridge Rd 2008 47,277 0.10 mi
Burlington Pike Zig Zag Rd 2015 35,199 0.14 mi
Burlington Pike Zig Zag Rd 2010 42,959 0.20 mi
Zig Zag Rd Burlington Pike 2001 2,352 0.34 mi
Burlington Pike Merchants St 2002 48,595 0.35 mi
Burlington Pike Zig Zag Rd 2021 37,992 0.42 mi
Macintosh Ln Golden Grove Ln 2012 801 0.48 mi
842 Chancellor Ct 2014 19,997 0.52 mi
842 Burlington Pike 2008 22,213 0.53 mi
Houston Rd Bankers St 2002 24,352 0.55 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity