Listed by Marcus & Millichap - Memphis
$1,795,000
Dunkin' Donuts
Details
APN 307418603 0000100
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,016
Net Rentable (SqFt) 2,016
Units 1
Cap Rate 5.35%
NOI $96,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dunkin'
Lease Type NN
Lease Term 15
Lease Expiration 03/30/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options Three (5) Year
Price per SqFt $890
Broker Co-Op True
Year Built 2024
Acreage 0.350
Investment Type Net Lease
Ground Lease No
Dunkin' Donuts
Investment highlights
- Favorable Tenant - Established multistate Dunkin’ Donuts franchisee with over 20 years of experience and continued growth
- Double Net (NN) Lease - Minimal Landlord responsibilities
- Fixed Rental Increases - 10% Rental Increases every 5 years
- Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88%
- Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with surrounding retail including McDonald’s, Whataburger, Wendy’s Starbuck’s, Circle K, Waffle House, AutoZone, O’Reilly Auto Parts, Caliber Collision, Sherwin Williams, Dollar Tree, H&R Block, multiple banks, and numerous other local and national retailers and businesses in the area
- Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN (25-miles south of downtown Memphis)
- Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius
Listing Contacts
Listed by Marcus & Millichap - Memphis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,000.00
$8,000.00/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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