40076 US HWY 19 N Tarpon Springs FL 34689

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dunkin’ investment property located at 40076 US Highway 19 North in Tarpon Springs, Florida (the “Property”). The Property consists of an 1,880 square foot building that was renovated for Dunkin’ in 2014. The original 15-year lease currently has just under 5 years of term remaining, followed by three (3), 5-year renewal options. The lease features attractive 10% rental increases every 5-years through the option periods.

Dunkin’ is strategically located on US Highway 19, one of the primary commercial corridors in Tarpon Springs with major retailers driving traffic to the area. The Property enjoys excellent visibility and prominent signage on US Highway 19, and this location also benefits from a drive-thru, a proven revenue driver for quick service restaurants. Dunkin’ is down the street from the Shoppes at Tarpon, a Publix-anchored retail center, and Tarpon Square, a Walmart Supercenter-anchored retail center.

LEASE TERM: Dunkin’ currently has just under 5 years remaining on their original 15-year lease, followed by three (3), 5-year renewal options.

SITE COMMITMENT: Tenant is in the process of renovating this location, demonstrating their commitment to the site and the market. Tenant is updating the Dunkin to the Nex-Gen look which includes updating the whole building, from the outside patio, parking lot, landscaping and new look to the building with paint and signage which includes fixing any imperfections to the stucco, dumpster area and lights on the building. The interior of the premises is also being updated with new ceiling tiles throughout the whole store, updated lighting, improvements to both bathrooms, and the whole service line as well as the front line, furniture, TV’s, digital menu boards, countertops, millwork, equipment and more. Per Tenant, the total renovation costs are expected to exceed $575,000.

ATTRACTIVE RENTAL INCREASES: The Dunkin’ lease features attractive 10% rental increases every 5-years through the options periods, providing the investor with an attractive increase in revenue and a hedge against inflation.

STRONG STORE SALES: Dunkin’ has historically performed well at this location and has strong and reported Store Sales. Contact the listing agent for details.

DYNAMIC TENANT: Dunkin’ has more than 13,200 locations worldwide, and in 2022 had systemwide sales in excess of $12.4 Billion.

MINIMAL LANDLORD RESPONSIBILITIES: The Dunkin’ lease is double net (NN) with the tenant either directly responsible or reimbursing the landlord for operating expenses at the Property, including real estate taxes, insurance, and common area maintenance.

STRATEGIC RETAIL LOCATION: Dunkin’ is strategically located on US Highway 19, one of the primary commercial corridors in Tarpon Springs with major retailers driving traffic to the area. The Property enjoys excellent visibility and prominent signage on US Highway 19, and this location also benefits from a drive-thru, a proven revenue driver for quick service restaurants. Dunkin’ is down the street from the Shoppes at Tarpon, a Publix-anchored retail center, and Tarpon Square, a Walmart Supercenter-Anchored retail center.

PROMINENT SIGNAGE, VISIBILITY AND DRIVE-THRU: Dunkin’ enjoys excellent visibility and prominent signage on US Highway 19. This location also benefits from a drive-thru, a proven revenue driver for quick service restaurants.

HIGH TRAFFIC COUNTS: An impressive 77,450 vehicles per day pass by the Property along US Highway 19.

STRONG DEMOGRAPHICS: Over 52,000 people live within a 3-mile radius of the Property with an average household income of $116,562. More than 137,600 people live within 5-miles of the Property with an average household income of $105,583. Additionally, there are more than 43,800 employees within 5-miles of the Property.

RETAIL TRADE AREA: Additional retailers driving traffic to the area include a Walmart Supercenter, Publix, Lowe’s, T.J. Maxx, McDonald’s, Starbucks, Arby’s, Taco Bell, Regions Bank, Mattress Firm, T-Mobile, Wendy’s, CVS, Bank of America, Advance Auto Parts, Goodyear, Panera, Verizon, Great Clips, Chase Bank, Subway, Bealls, Staples, Dollar Tree, West Marine, Domino’s, IHOP, Burger King, Tuffy Tire, and Sherwin-Williams.