Listed by Matthews
$1,527,273
Dunkin'
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,957
Cap Rate 5.76%
NOI $88,043
Tenancy Single
Brand/Tenant Dunkin'
Lease Type NN
Lease Expiration 10/31/2030
Remaining Term 4.4
Lease Options Two, 5-Year Options
Price per SqFt $780
Year Built 2005
Acreage 0.810
Lease Commencement 10/28/2015
Ground Lease No
Prime Dunkin' Investment with Below-Market Rent and Percentage Upside
Investment highlights
- High-Exposure U.S. Route 41 Corridor: Strategically located directly along Cleveland Avenue/U.S. Route 41, a primary north-south artery in Southwest Florida with traffic counts exceeding 30,000 vehicles per day, providing strong visibility and convenient access.
- Below-Market Rent with Future Upside: Current lease terms are favorably below prevailing market averages for the corridor, creating potential upside through future rental growth and enhanced long-term returns.
- Established Retail Trade Area: Positioned within a dense commercial corridor surrounded by major national and regional retailers, including Walmart, Walgreens, McDonald’s, Taco Bell, and The Home Depot, supporting consistent consumer traffic.
- Experienced Dunkin’ Operator with Strong Sales: Operated by a nationally recognized Dunkin’ franchisee with more than 100+ locations, demonstrating operational strength, brand expertise, and long-term commitment.
- Florida Tax Advantage: Florida’s absence of state income tax may enhance after-tax investor yield.
- Percentage Rent Upside: Lease includes percentage rent tied to store performance, providing additional income potential and a hedge against inflation. The property reported strong historical sales of approximately $1.08M in 2023, $912K in 2024, and $1.03M in 2025, with an overall average of approximately $81K/month.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$88,043.00
$7,336.92/mo
Valuation Metrics
0
DSCR
5.76%
Cap Rate
5.76%
ROI
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