Listed by Marcus & Millichap
$2,176,000
Dunkin' | Cincinnati, OH
Details
APN 02120061014600
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,303
Cap Rate 5.25%
NOI $114,290
Occupancy 100%
Tenancy Single
Brand/Tenant Dunkin'
Lease Type Absolute NNN
Lease Expiration 06/29/2048
Remaining Term 22
Lease Options N/A
Year Built 2008
Acreage 0.460
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
20 Year Lease Extension | Strong Performing Store | Percentage Rent & Billboard Rent
Investment highlights
Recent 20 YEAR LEASE EXTENSION
- The tenant just exercised a 20 year lease extension, showing continued commitment to the site
- This has been a Dunkin’ for nearly 20 years, since construction in 2008
Multiple Income Streams
- Base Rent - $84,000 per year with a 14.3% Rental increase in two years
- Percentage Rent – Tenant pays 5% of gross sales in excess of threshold table (Landlord collected $24,290 in percentage rent last year)
- Billboard - $6,000 per year
Strong Performing Store
- Extremely healthy 5.00% Rent-to-Sales ratio!
- Strong performing location!
Incredible Location
- Located on the signalized intersection of Werk Road & Glenway Ave (33,060 combined vehicles per day)
- Access from both Wek Road & Glenway Ave
- Super dense population surrounding subject property: 16,000+ (one-mile) | 104,000+ (three-mile) | 206,000+ (five-mile)
- Located in a major retail corridor surrounded by national tenants including Target, Kroger, Hope Depot, ALDI, Walmart Fifth Third Bank, PNC Bank, Chick-Fil-A, Outback, Wendy’s, McDonald’s, Taco Bell, Raising Cane’s, and more!
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,290.00
$9,524.17/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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