32 Howland Rd, Fairhaven, MA 02719

LONG TERM LEASES: The Property is anchored by Dunkin’, which has been in the center for 21+ years and recently executed a 10-year lease extension and implemented a store refresh to their newest concept, demonstrating their commitment to the site and the market. Dunkin’ has 8+ years remaining on their lease with four (4), 5-year options. Additional tenants rounding out Dunkin’ Plaza include Connoly’s Liquor, (1+ years remaining with four 3-year options), Leap of Faith Dance Studio (1+ years remaining with two 3-year options), New York Life Insurance (2+ years remaining with three 5-year options), and Cuticles Nails (1 year remaining).

NET LEASES & RENT INCREASES: Three of the tenants reimburse for Common Area Maintenance, Insurance, and Property Taxes. Additionally, two of the leases feature attractive annual rent increases in the primary lease term and renewal options. Dunkin’ features a rent increase in the primary lease term and at the start of each renewal option, and Connoly’s Liquor has rent increases at the start of each renewal option providing the investor with a steady increase in revenue and a hedge against inflation.

STRONG ANCHOR TENANT: The 100% leased Property is anchored by Dunkin’. Dunkin’ has more than 14,000 locations worldwide, with approximately 9,800 in the U.S, and in 2024 had U.S. systemwide sales of $11.918 Billion.

PRIME RETAIL LOCATION: The Property is situated along Howland Road, one of the area’s primary commuter corridors connecting Fairhaven with Downtown New Bedford. Dunkin’ Plaza is seconds from the Acushnet River and convenient to the Riverside Landing, a grocery anchored (Market Basket) center with national retailers and restaurants which drives traffic to the area. The Property is convenient to residential neighborhoods, schools, and St. Luke’s Hospital, providing a built-in customer base. Additionally, the Property is convenient to US Route 6 and MA Routes 140 and 240.

TRADE AREA: Additional retailers driving traffic to the area include Walmart, Market Basket, Stop & Shop, Tractor Supply Co, Ocean State Job Lot, Marshalls, Planet Fitness, Staples, CVS, AutoZone, O’Reilly Auto Parts, 99 Restaurants, Chipotle, Starbucks, McDonald’s, Burger King, Wendy’s, Popeyes, Taco Bell, Jersey Mike’s, The Donut Factory, Papa Gino’s, 7-Eleven, and Cumberland Farms.

TRAFFIC COUNTS: Approximately 18,700 vehicles per day pass by the property along Howland Road.

STRONG DEMOGRAPHICS: An impressive 104,700+ people live within 3-miles of the Property with an average household income of $84,203. Over 148,200 people live within 5-miles of the Property with an average household income of $97,931. Additionally, there are more than 55,300 employees within 5-miles of the Property.