NNN Leased Bagel Eatery + Development Site
7 % Cap Rate on the Bagel Store and Development Site for $500,000
Marketing description
Great Location … Corner with Traffic Light…. 7% Cap Rate on the Bagel Store - $500,000 for the Development Site
198 Feet of frontage on Middle Country Rd for the bagel store and 80 additional feet of frontage for the development site
Property was formally a Dunkin Donuts and Baskin Robbins tenant. The tenant did so well they bought land and built a new building across the street.
Opportunity to develop the vacant land several conceptual drawings have been developed.
Tennent is a multi location bagel store and eatery operator and has a wholesale distribution facility, Lease term is 10 Years NNN with One 5 Year option.
❖NNN Lease with excellent tenant
❖Submarket vacancy rate is 4.8%
❖The adjacent strip center is 100% occupied
❖198 + 80 feet of frontage on Middle Country Road
❖Median Household Income 1 mile $108,683
❖Traffic count on Middle Country Road is 39,962 in 2025
❖Vacant Lot can be improved with a $2,500 sq ft building
Investment highlights
Opportunity to own an excellent corner location with traffic light NNN leased to an operator.
Tenant is a local operator with multiple stores and a wholesale bagel business. www.brendelsbagels.com
The Existing NNN Lease was executed December 2024
10 Year Term with One 5-year option The Rent is $8,568.55 a month / $102,822.59 annually with annual bumps.
Increases begin in July 2025 and rent increases annually
2025 monthly rent is $8,825.61 / $105,907.27 annually
2026 monthly rent is $9.090.37 / $109,084.49 annually
2027 monthly rent is $9,363.09 / $112,357.02 annually
Complete rent schedule can be found in the lease document
Several concept drawing have been developed for the vacant lot.
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