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Views: 57 DOM: 144 Updated: 05.20.24 Posted: 01.20.24 Status: Active

Summary

Price $1,075,000
Built/Renov 2007/2015
Tenant Dunkin' Donuts
Cap Rate 5.30%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,872
Lease Start 09-01-2015
#Units 50
Price/SF $574.25
Expiration 08-31-2035
Tenant Type Fast Food/QSR
NOI $57,000
R. Term 11.2
Ownership Fee Simple
Rent/SF $30.45
Increases 0.0%/11/yrs
Pop 5Mi 169,023
Lot/AC 0.70
Options 4/5yrs
AHHI 5Mi $105,611

Lease Highlights

  • Dunkin’ Donuts has 11+ years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features FMV rental increases at the start of each option period
  • Absolute NNN | Zero landlord
  • Lease guaranteed by Chunara Group

Location Description

Dunkin' Donuts is strategically located on Veterans Memorial Highway, benefiting from a daily traffic count of 28,500 vehicles passing by daily. The property enjoys proximity to a recently constructed Chick-Fil-A. The surrounding area features well-known national retailers, including Publix, Walgreens, Bank of America, McDonald's, Wendy's, Smoothie King, and Planet Fitness. Additionally, the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,191 55,528 180,809
2023 Total Population : 7,635 52,963 174,949
2023 Employed Civilian Pop : 3,961 26,937 88,921
2023 Total Businesses : 201 1,803 5,158
2023 Average Household Income : $ 157,432 $ 121,951 $ 116,099
2023 Total Consumer Spending : $ 408 M $ 2193 M $ 7087 M
2023 Median Age : 35 35 36
2023 Total Households : 3,022 20,799 70,438
2023 Pop Age 25+: Bachelor's Degree : 1,573 10,001 33,084
2023 Average Home Value : $ 377,095 $ 356,025 $ 379,556
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Veterans Memorial Pkwy SE Providence Gate Ln 2013 23,350 0.35 mi
Queen Mill Road Queen Mill Rd 2021 4,720 0.46 mi
Queen Mill Road 2019 4,160 0.46 mi
Queen Mill Road Queen Mill Rd SE 2018 4,080 0.46 mi
Veterans Memorial Parkway Southeast Cobblestone Creek Trl 2018 26,600 0.46 mi
Veterans Memorial Parkway Southeast 2019 24,400 0.46 mi
Veterans Memorial Parkway Southeast Henderson Rd SE 2018 29,400 0.47 mi
Veterans Memorial Parkway Southeast 2019 29,600 0.47 mi
Pebblebrook Road Cresthaven Approach 2021 1,850 0.93 mi
Pebblebrook Road Pebblebrook Rd SE 2019 1,170 0.93 mi

Listing Broker

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