Dunkin Donuts NNN Lease | Across From New 308 Unit Apt Complex

3850 34th St S, St. Petersburg, FL 33711, USA
$2,152,174

Description

Marcus & Millichap is pleased to present for sale this Dunkin Donuts located at 3850 34th Street in St. Petersburg, Florida. St. Petersburg is a booming city on Florida’s Gulf Coast and is part of the Tampa Bay Area and nicknamed “Sunshine City.” Its population is growing with a current population of over 261,338 people. St. Petersburg is only a short commute to Tampa’s Urban Center. St. Petersburg is the 5th largest city in Florida and the 2nd largest city in the Tampa Bay Area. It is part of the Tampa-St. Petersburg-Clearwater Metropolitan area with a population of over 2.8 Million.
This Dunkin Donuts Restaurant with Drive thru is situated Directly Across the Street from Addison Skyway Apartments, a brand new 308-Unit luxury apartment complex opening in 2021. This prime property has 5 major medical centers within an 8-mile radius of the property. These include Bayfront Health Hospital, John Hopkins Children’s Hospital, St. Anthony’s Hospital, St. Petersburg Hospital and Palms of Pasadena Hospital. Only minutes from this Dunkin Donuts is Eckerd College with 188 acres and over 2,007 Undergraduate Students. This Dunkin is also only a short 6.5-mile drive to Downtown St. Petersburg.
Only 6 minutes from this Dunkin Donuts is The Cove at Loggerhead Marina, a brand-new luxury townhouse community with 158 brand new townhomes which sold out very quickly. Also located nearby to this property is the nationally recognized Fort DeSoto Park, which is operated by Pinellas County and encompasses 5 islands. This popular park sees over 2.7 Million visitors each year, and is one of the busiest National parks in the U.S.
Dunkin’ Donuts is the world’s leading coffee and baked goods chain serving more than 3 Million customers each day. It is famous for its 50 plus varieties of donuts as well as dozens of premium beverages, bagels, breakfast sandwiches and other baked goods. Dunkin’ was founded in 1950 by Bill Rosenberg in Quincy Massachusetts and today has more than 11,300 Dunkin’ restaurants worldwide and over 8,500 restaurants in 41 states across the U.S. and 3,200 in 32 countries worldwide. Dunkin’ Brands generated 1.37 Billion U.S. Dollars in Revenue in 2019 and that was up from 1.32 Billion Dollars the previous year.

  • 10 Year Absolute NNN Lease with 10% Increases every 5 Years and a Strong Multi Unit Franchisee Guarantee
  • Average Household Income Exceeds $88,600 in a One Mile Radius
  • Directly Across the Street from Addison Skyway Apartments, a Brand New 308-Unit Luxury Apartment Complex
  • 6 Minutes from The Cove at Loggerhead Marina-Sold Out Luxury Home Community with 158 Luxury Townhomes
  • 5 Major Medical Centers are within an 8 Mile Radius of the Dunkin’ Donuts including St. Petersburg Hospital, John Hopkins Children’s Hospital, Bayfront Health Hospital, St. Anthony’s Hospital and Palms of Pasadena Hospital
  • Minutes from Eckerd College with 188 Acres and over 2,007 Undergraduate Students
  • Dunkin’ Donuts is the World’s Leading Coffee and Baked Goods Restaurant with over 11,200 Locations and 1.37 Billion Dollars In Revenue Annually
  • Florida is a No Income Tax State

Property Documents

  • DunkinDonuts-St-Petersburg-FL-om-ib
  • City: St. Petersburg
  • State/county: Florida
  • Zip/Postal Code: 33711
  • Country: United States

Detail

  • Price: $2,152,174
  • Year Built: 1980

Additional details

  • CAP RATE: 4.60%
  • NOI: $99,000

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