Listed by Marcus & Millichap - New Jersey
$870,000
New 15-Year NNN Dunkin' Ground Lease
Details
Property Type Retail
Sub Type Restaurant
Net Rentable (SqFt) 1,950
Cap Rate 5.75%
NOI $50,000
Brand/Tenant Dunkin'
Lease Type NNN
Year Built 2025
Acreage 1.000
Parking Spaces 24 spaces
Investment Type Net Lease
Ground Lease Yes
Retail | 5.75% CAP
Marketing description
Marcus & Millichap is pleased to exclusively present 636 Lincoln Avenue, Cadiz, Ohio.
Investment highlights
TENANT(S)
- One of the Largest Dunkin’ Franchisees, Heartland Restaurant Group (HRG), Which Operates over 80 Dunkin’ Locations in the Pittsburgh MSA
- Only Exclusive Franchisee for Dunkin' in the Pittsburgh MSA
- HRG has Never Closed a Drive/Thru Location in its Existence
LEASE(S)
- New 15-Year Absolute NNN Ground Lease
- Zero Landlord Responsibilities
- 10% Rent Increases Every Five Years
- Two-Five Year Options and One - 4.5 Year Option
BUILDING
- 1,950 Square Foot Restaurant with Double Drive/Thru Lane
- 1.05 Acre Parcel of Land with 24 Parking Spaces
- New 2025 Construction
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,000.00
$4,166.67/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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