Dunkin'
Retail | Orlando MSA
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dunkin’ Absolute NNN Ground Lease located at 890 State Road 436 in Casselberry, Florida (the “Property”). The Property consists of a 1,776 square foot building that was constructed by Dunkin’ in 2005. Dunkin’ recently extended their lease, demonstrating their commitment to the site and the market. Dunkin’ has 8+ years of term remaining, followed by two (2), 5-year renewal options. The lease features attractive 12% rental increases every five years throughout the base term and at the start of each renewal option period.
Dunkin’ is well positioned along State Road 436, a primary commercial and commuter corridor in Casselberry, where it benefits from strong frontage, excellent visibility, and prominent signage. The site also features a drive-thru, a key amenity that supports efficient service and consistent revenue for quick-service operations. The Property is surrounded by a mix of national and local retailers and restaurants that generate steady traffic and is located near densely populated residential neighborhoods and area schools, providing a reliable built-in customer base. In addition, the site is approximately 1.3 miles from US Route 17 and offers convenient access to several state roadways and Interstate 4, enabling efficient connectivity throughout the region. Casselberry is located roughly 10 miles north of Downtown Orlando, further enhancing the Property’s accessibility and regional draw.
Investment highlights
LEASE TERM & COMMITMENT: Dunkin’ has been at this location since 2005 and recently extended their Lease, demonstrating their commitment to the site and the market. Dunkin’ has 8+ years remaining on their Absolute NNN Ground Lease, followed by two (2), 5-year renewal options. ATTRACTIVE RENTAL INCREASES: The Dunkin’ lease features attractive 12% rent increases every 5 years throughout the remaining base term and at the start of each renewal option periods, providing the investor with an attractive increase in revenue and a hedge against inflation.
CORPORATE LEASE: Dunkin’ has more than 14,000 locations worldwide, with approximately 9,800 in the U.S. Dunkin’ reported 2025 U.S. systemwide sales of $12.468 Billion.
ZERO LANDLORD RESPONSIBILITIES: Dunkin’ has an Absolute NNN Ground Lease. Dunkin’ is responsible for all real estate taxes, operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).
STRATEGIC RETAIL LOCATION: Dunkin’ is strategically located on State Road 436, one of Casselberry’s primary commercial and commuter corridors. Dunkin’ is surrounded by national and local retailers and restaurants that drive traffic to the area and is close to densely populated residential neighborhoods and area schools that provide a built-in customer base. The Property is 1.3 miles from US Route 17 and is convenient to several state roads and Interstate 4, providing quick and efficient regional connectivity. The Property is also within 3 miles of the Maitland and Altamonte Springs Commuter Rail Stations (SunRail) and the Advent Health Altamonte Springs Hospital.
PROMINENT SIGNAGE, VISIBILITY AND DRIVE-THRU: Dunkin’ enjoys excellent frontage and visibility with prominent signage on State Road 436. This location also benefits from a drive-thru, a proven revenue driver for quick service restaurants.
HIGH TRAFFIC COUNTS: An impressive 79,000 vehicles per day pass by the Property along State Road 436.
STRONG DEMOGRAPHICS: Over 94,900 people live within 3 miles of the Property with an average household income of $113,893. More than 259,800 people live within 5 miles of the Property with an average household income of $114,076. Additionally, there are more than 38,300 employees within 3 miles of the Property.
RETAIL TRADE AREA: Additional retailers driving traffic to the area include a Walmart Supercenter, Publix, Aldi, Lowe’s, BJ’s Wholesale club, Burlington, Floor & Décor, Ollie’s Bargain Outlet, TJ Maxx, Hibbett, Five Below, Crunch Fitness, Walgreens, Dollar Tree, Dollar General, Buffalo Wild Wings, Chick-fil-A, Chipotle, Starbucks, McDonald’s, Burger King, Wendy’s, Taco Bell, Popeyes, KFC, Arby’s, Bob Evans, Domino’s, 7-Eleven, Wawa, and Circle K.
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