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DOM: 70 Updated: 01.29.24 Posted: 08.30.23 Status: Sold 11.08.23

Summary

Price $2,417,000
Built/Renov 2021
Tenant Dunkin' Donuts
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,106
Lease Start 11-01-2023
#Units 100
Price/SF $1,147.67
Expiration 10-31-2038
Tenant Type Fast Food/QSR
NOI $145,000
R. Term 13.5
Ownership Fee Simple
Rent/SF $68.85
Increases 1.5%/1/yrs
Pop 5Mi 119,654
Lot/AC 1.00
Options 5/5yrs/1.5%
AHHI 5Mi $134,068

Lease Highlights

  • Dunkin’ Donuts will be signing a brand-new 15-year lease with 5 (5-year) options to extend at the close of escrow
  • Lease features a 1.5% annual rental increase throughout the initial term and during each option
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by GOC RealCo, LLC (100 units)

Location Description

Dunkin’ Donuts is strategically located at the signalized, hard corner intersection of Princeton Road and State Hwy 747 with access to 41,900 vehicles per day. The site is ideally situated within a dense trade area with numerous nearby national/credit tenants including McDonald’s, Pizza Hut, Best Buy, Target, The Home Depot and many others. Furthermore, the property is near numerous...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,329 57,494 121,094
2023 Total Population : 6,357 57,711 119,591
2023 Employed Civilian Pop : 3,233 29,200 60,000
2023 Total Businesses : 90 1,134 3,848
2023 Average Household Income : $ 188,261 $ 154,427 $ 133,456
2023 Total Consumer Spending : $ 320 M $ 2523 M $ 4774 M
2023 Median Age : 37 38 37
2023 Total Households : 2,051 19,453 42,048
2023 Pop Age 25+: Bachelor's Degree : 1,360 11,770 22,751
2023 Average Home Value : $ 356,828 $ 308,682 $ 291,565
*ESRI data is presented for informational purposes only

Listing Broker

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