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NEW PRICE! Dunkin' Donuts | Absolute NNN| Tampa MSA
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Investment Highlights
- NEW PRICE! Sale Price $1,963,804 / Cap 5.60%
- Absolute Net Lease | No Landlord Responsibilities
- Brand New 20-Year Lease with Four, Five Year Options
- Eight Percent Increases Every Five Years
- Centrally Located Near Established Neighborhoods
- Over 5,000 Residents Within One Mile of the Site
- Excellent Access and Visibility
- Florida is a NO INCOME TAX state
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The Kinson | Russo Team of Marcus & Millichap is pleased to present the exclusive listing of the Dunkin’ Donuts, an absolute triple net (NNN) single-tenant investment offering, located at 36643 State Road 54 in Zephyrhills, Florida. The subject property consists of approximately 2,050 square feet on a 0.78 acre lot. A Dunkin’ Donuts franchisee leases the property under a 20-year absolute triple-net (NNN) lease which commenced May 1, 2017. In addition, the lease has eight percent increases in each five-year period with four, five-year options.
The tenant currently operates a total of sixteen stores, with an expectation to open two stores in 2017 and an additional four stores in 2018. In addition, the tenant has store development rights for up to 35 stores by the year 2020.
The property is in Pasco County which is included in the Tampa-St. Petersburg-Clearwater Tampa Bay area. The population of the Tampa Bay MSA is estimated at 3,030,953 people as of January 2017 and between 2010 and 2015 the population is estimated to have grown 8.94 percent.
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