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Views: 127 DOM: 76 Updated: 10.01.24 Posted: 07.26.24 Status: Active

Summary

Price $1,700,000
Built/Renov 2024
Tenant Dunkin' Donuts (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,750
Lease Start 10-01-2024
#Units 15
Price/SF $971.43
Expiration 09-30-2044
Tenant Type Fast Food/QSR
NOI $85,000
R. Term 19.12
Ownership Ground Lease
Rent/SF $48.57
Increases 10.0%/5/yrs
Pop 5Mi 13,491
Lot/AC 1.07
Options 6/5yrs/10%
AHHI 5Mi $151,625

Lease Highlights

  • Brand new 2024 construction
  • New 20-year ground lease with 6 (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
  • Franchisee guaranteed lease (15 units backed)

Location Description

Dunkin' Donuts is strategically located on Longleaf Pine Parkway. The property is positioned as an outparcel within a large 17-acre development and directly across from a new Publix-anchored shopping center. The immediate area features several well-known national tenants, including Wendy's, Mavis Discount Tire, Chase, AT&T, and more. The 5-mile trade area supports a population of 13,491...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:15
  • 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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Listing Broker

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