Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
$1,826,000
Dunkin' | Wilmington, OH
Details
APN 290-15-21-02-0013-00
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,290
Cap Rate 5.75%
NOI $105,000
Tenancy Single
Brand/Tenant Dunkin'
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 4 (5-year) option periods
Year Built 2026
Acreage 1.000
Zoning SC - Suburban Commercial District
Parking Spaces 23 spaces
Parking Per SqFt 10.04
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.75% CAP | 2,290 SqFt
Marketing description
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Dunkin' investment property located in Wilmington, Ohio. The tenant will sign a brand new 15-year lease commencing at Close of Escrow with 4 (5-year) option periods to extend, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- Brand new 15-year absolute NNN lease commencing at Close of Escrow, demonstrating long-term tenant commitment
- Lease features 1.50% annual rental increases throughout the initial term and 4 (5-year) option periods, steadily growing NOI and hedging against inflation
- Experienced franchisee operator (70+ units)
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities
- Ideal, management-free investment for an out-of-state, passive investor
- The subject property is positioned along Rombach Avenue (18,700 VPD), a primary retail corridor serving the city of Wilmington
- The asset is surrounded by a strong mix of national/credit tenants and demand drivers including Walmart Supercenter, Kroger, ALDI, Wendy's, Wilmington College, and multiple surrounding retail centers generating consistent daily consumer traffic
- The property benefits from close proximity to the Wilmington Air Park, one of the nation's largest cargo-focused airports and a major regional employment hub supporting approximately 4,600 employees across aviation, logistics, cargo and distribution users
- More than 16,500 residents and 15,500 employees support the trade area
- $81,743 average household income
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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