1462 New York 28, West Hurley, NY 12491 For Sale

20-Year Ground Lease with 10% Increases – The Tenant is subject to a new 20-year NNN ground lease that commenced in January of 2025. The lease features rental increases of 10 percent every five years during the base term and five, five-year option periods, providing an excellent hedge against inflation. Dunkin’ will operate in a 940-square-foot drive-thru only location at the signaled intersection of Route 28 and Route 375. The property has full movement access along Route 375 and right-in/right-out access along Route 28. These two heavily traveled roads average a total of 21,585 vehicles per day.

180-Unit Franchisee Established in the Hudson Valley – The franchisee, Southpaw, is a leading QSR owner and operator with approximately 65 Dunkin’ and 115 Taco Bell restaurants in eight states and sales of more than $300 million annually. The company was established in the Hudson Valley, where they purchased 11 Dunkin’ locations in 2010, and later began to develop their first Taco Bell locations. The operator is focused on aggressively growing its network through both acquisitions and new store development. Its goal is to double its unit count in five years within the Dunkin’ and Taco Bell systems.

High Barrier Market with Limited Competition – This site required more than four years of work, and two court decisions, to receive final approval from the town planning board. The planning board had previously voted to disapprove this project before later approving it. As evidenced, this market presents significant barriers to entry despite its rather rural nature. The nearest Dunkin’ locations are 9 miles southeast in Kingston, 14 miles northeast in Saugerties, and 14 miles south in Stone Ridge. Hurley is a town that sees strong commuter traffic, as Route 375 provides access to Woodstock, and Route 28 runs from Kingston to southern Warren County. Dunkin’ will capitalize on this “going-to-work” commuter traffic along with Hurley’s everyday residents.

Historic Hudson Valley Submarket – Hurley is a town in the historic Hudson Valley, ideally situated between the Hudson River and the Catskill Mountains. The Hudson Valley is a region in New York state that stretches along the Hudson River from Westchester County to Albany. Renowned for its historic landmarks, outdoor sculpture parks, and exclusive retreats, the region is also a leader in the farm-to-table movement and home to sustainable-food champion Stone Barns Center for Food and Agriculture. The five-mile trade area has 11,295 residents and an average household income of $115,834. The area is only a short drive from the New York City Metro which is 105 miles southeast.

Esteemed Leading Coffee and Donut Brand - Dunkin’ is the world’s leading baked goods and coffee chain, serving more than 3 million customers each day. Founded in 1950, the Company has more than 13,200 restaurants in nearly 40 global markets. Dunkin’ was acquired by Inspire Brands in 2020. Inspire Brands is the second-largest Restaurant Company in the U.S. with over 32,600 restaurants in 57 Global Markets with $32.5B billion in global system sales.