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Dunkin Donuts | Exposure to 92,500+ VDP

8419 US-19, Port Richey, FL 34668, USA
$2,110,091

Description

Marcus & Millichap is pleased to exclusively present for sale this single tenant absolute NNN leased Dunkin Donuts in Port Richey, Florida. Dunkin Donuts has more than five years on the base term of the lease with three (five year) options to renew. With frontage on two major thoroughfares, the property has visibility to over 92,500 vehicles per day. The property is situated across the street from a Walmart Supercenter which has attracted many strong tenants to the area such as Walgreens, Checker’s, PNC Bank, Wawa, Long John Silver’s and Red Lobster to name a few.
This Dunkin Donuts is located next door to a very busy Culver’s restaurant on the busiest intersection of Port Richey. An investor can realize a strong return from a fee simple, low price point drive thru restaurant. Port Richey has experienced strong historical population growth and has a strong 15 percent population growth projection for the next five years.
Dunkin’ Donuts is the world’s leading baked goods and coffee chain, serving more than three million customers each and every day. True to their name, they offer 50 plus varieties of donuts, but you can also enjoy dozens of premium beverages, bagels, breakfast sandwiches and other baked goods. In 1950, Bill Rosenberg opened the first Dunkin’ Donuts shop in Quincy, Massachusetts. Just five years later, a franchise legacy was born. There are more than 11,300 Dunkin’ Donuts restaurants worldwide – that’s over 8,500 restaurants in 41 states across the U.S.A. and over 3,200 international restaurants across 36 countries. With over 130 years of franchising experience, Dunkin’ Brands is home to two of the world’s most recognized, beloved franchises: Dunkin’ Donuts and Baskin-Robbins.

  • Newer construction Dunkin’ Donuts with more than 5 years on the base term of the lease and three options to renew with 10% increases in rent
  • Excellent intrinsic value: large 2,422 square foot building on 1.38 acres
  • Very strong operator: 120 units and growing in Florida, Georgia, Arizona, Alabama and Louisiana
  • Situated on a parcel that spans an entire block, the property has visibility to over 92,500 vehicles per day, 4 points of access and a signalized intersection on route 19, a major thoroughfare for Port Richey
  • Bay Boulevard is the only point of access to Schroters Point, a residential peninsula with over 150 single family homes and 18 apartment buildings
  • Florida in a no income tax state

Property Documents

  • City: Port Richey
  • State/county: Florida
  • Zip/Postal Code: 34668
  • Country: United States

Detail

  • Price: $2,110,091

Additional details

  • CAP Rate: 5.45%
  • NOI: $115,000

Features

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