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Views: 55 DOM: 201 Updated: 04.26.24 Posted: 11.08.23 Status: Active

Summary

Price $1,650,000
Built/Renov 1989/2014
Tenant Dunkin' Donuts
Cap Rate 6.01%
Lease Type NN+
Guarantor Franchisee
Size/SF 1,880
Lease Start 09-12-2014
#Units 1
Price/SF $877.66
Expiration 09-11-2029
Tenant Type Fast Food/QSR
NOI $99,220
R. Term 5.3
Ownership Fee Simple
Rent/SF $52.78
Increases 6.1%/1/yrs
Pop 5Mi 137,691
Lot/AC 0.46
Options 3/5yrs/10%
AHHI 5Mi $105,583

Lease Highlights

  • Dunkin’ currently has 5+ years remaining on their original 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years in the option periods
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Strong store sales | Contact listing agent for details

Location Description

Dunkin’ is strategically located, with prominent signage on US Highway 19, one of the primary commercial corridors in Tarpon Springs that sees 77,450 vehicles passing by daily. The property benefits from being down the street from the Shoppes at Tarpon, a Publix-anchored retail center, and Tarpon Square, a Walmart Supercenter-anchored retail center. Additional retailers driving traffic to the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dunkin' Donuts
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • 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 : 7,853 51,942 133,211
2023 Total Population : 7,663 51,950 133,849
2023 Employed Civilian Pop : 3,250 24,538 62,930
2023 Total Businesses : 591 2,407 5,092
2023 Average Household Income : $ 71,042 $ 109,301 $ 98,636
2023 Total Consumer Spending : $ 240 M $ 2171 M $ 4974 M
2023 Median Age : 56 51 51
2023 Total Households : 3,853 22,982 58,414
2023 Pop Age 25+: Bachelor's Degree : 1,218 9,802 22,753
2023 Average Home Value : $ 272,371 $ 398,333 $ 383,180
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pinellas Trl 2022 81,000 0.13 mi
US Hwy 19 Mango St 2011 68,500 0.14 mi
US Hwy 19 E Lemon St 2010 76,500 0.55 mi
E Tarpon Ave Hwy 19 2011 15,500 0.69 mi
E Tarpon Ave Cemetery Rd 2011 23,022 0.70 mi
East Tarpon Avenue S Disston Ave 2022 13,900 0.83 mi
E Klosterman Rd Hwy 19 N 2011 20,160 0.92 mi
US Hwy 19 N E Klosterman Rd 2011 69,500 0.97 mi
East Martin Luther King Jr Drive S Pinellas Ave 2022 16,600 1.01 mi
E Tarpon Ave N Ring Ave 2011 15,500 1.02 mi

Listing Broker

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