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Views: 84 Updated: 01.09.24 Posted: 09.20.23 Status: Inactive

Summary

Price $1,916,700
Built/Renov 2015
Tenant Dunkin' Donuts
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,205
Lease Start 05-01-2015
#Units 30
Price/SF $869.25
Expiration 04-30-2035
Tenant Type Fast Food/QSR
NOI $95,836
R. Term 10.10
Ownership Fee Simple
Rent/SF $43.46
Increases 7.0%/20/yrs
Pop 5Mi 29,020
Lot/AC 1.00
Options 2/5yrs/7%
AHHI 5Mi $73,779

Lease Highlights

  • Dunkin’ Donuts currently has over 11 years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 7% rental increases at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed lease

Location Description

The subject property is conveniently located with excellent visibility along US-301 which sees in excess of 26,500 vehicles per day. It is positioned along the city’s primary retail corridor, near major national tenants including Walmart, Winn-Dixie, McDonald’s, and many more, creating a strong commuter drive to the trade area. This Dunkin Donuts is adjacent to a hotel and an 80-unit apartment...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:30
  • 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 98 Countryside Pl 2010 6,169 0.05 mi
US Hwy 98 Shadow Dr 2011 29,000 0.23 mi
7th St Bougainvillea Ave 2011 14,300 0.41 mi
US 98;US 301 Hwy 301 2021 26,500 0.54 mi
AL 55 Dixie Ave 2020 14,700 0.58 mi
US 98;US 301 2nd St 2021 13,900 0.58 mi
Morningside Drive Trailer PkEnt 2021 2,200 0.70 mi
7th Street Florida Ave 2021 13,800 0.70 mi
Old Lakeland Hwy Old Sparkman Rd 2011 6,600 0.80 mi
Fort King Rd Marlu Ln 2011 6,000 0.80 mi

Listing Broker

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