Listed by Value Net Lease Partners
$3,188,811
The Fatty Patty & Dunkin | Outparcel to Home Depot
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 8,000
Net Rentable (SqFt) 8,000
Units 2
Cap Rate 7.15%
NOI $228,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Dunkin'
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/31/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Two 5-Year Options
Price per SqFt $399
Year Built 2003
Buildings 1
Stories 1
Acreage 1.730
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/01/2025
Occupancy Date 01/31/2023
Ground Lease No
Ownership Private
Sale Condition For sale by owner
10 Year NNN Triple Net Lease (FP) | Dual Tenants | 5 Year NNN Triple Net Lease (Dunkin)
Investment highlights
DUNKIN & THE FATTY PATTY (WEST ALLIS, WI) LONG OPERATING HISTORY & STRONG GUARANTEE | TOTAL FRANCHISEE GUARANTEE OF 40+ UNIT
- Dunkin Franchisee is exclusive operator to Kentucky, Wisconsin, and Oklahoma which secure competitive advantage in local market to maintain store sales.
- Fatty Patty's 17+ Year Operating History | Tenant has operated at the subject property for since 2005, which demonstrates to the brands commitment to the local market.
FATTY PATTY: (10) YEAR ABSOLUTE TRIPLE NET (NNN) LEASE | LONG TERM LEASE | FEE SIMPLE OWNERSHIP. DUNKIN (5) YEAR LEASE W/OPTIONS | 5.75% RTS
- Rare Long-Term Lease | Lease Features a rare within the industry a 10-year long term lease that allows landlord to hedge against inflation
- No Landlord Responsibilities in lease.
- Ideal Management free income - investment for passive investor.
- Tenant Responsibilities | Tenant Pays for Property Tax, Roof, Structure, and Parking.
- The Dunkin lease features an increase rental structure of 2% increase every year and during the options. Fatty Patty's Lease features an attractive increase rental structure of 7.5% increase every year and during the options.
SURROUNDING NATIONAL TENANTS TO SUPPORT STRONG UNIT SALES
- Subject property is neighboring national tenants such as, Home Depot, Target, AT&T, Dollar Tree, Pick N’ Save, Marshalls, Home Goods, Sport Clips, T-Mobile, Auto Zone, Ace Hardware, Kohls, Office Max, and many more.
- Subject Property is located on S 108th ST which has traffic of 31,000+ VPD.
STRONG LOCATION - OUTPARCEL TO HOME DEPOT AND NEIGHBORING TO TARGET
- Subject property is outparcel to anchor tenant The Home Depot.
- Large Lot | Subject property sits on a large lot (1.73 Acres) which allow future landlord multiple options for tenant replacement.
- Subject Property is located less than 10 miles from Downtown Milwaukee, Wisconsin.
Listing Contacts
Listed by Value Net Lease Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,000.00
$19,000.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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