The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this Dunkin' Donuts property with an absolute net 20-Year lease with zero landlord responsibilities in the Clearwater Florida MSA (specifically Largo).
The area is a very dense residential area paired with some light industrial and commercial. Directly behind the property is a 900 home community. There are 106,000 houses in just 5 miles and over 230,000 residents. Additionally, there are over 140,000 daytime employees who commute to this area daily for work. Just outside of one of the most sought out counties in the entire state, Clearwater Florida.The traffic counts directly in front of the property are approximately 50,000 vehicles per day.
The Dunkin' Donuts' Franchisee presently operates over 50 stores and will remodel this store by 1st quarter of 2018. The growth plan is to operate approximately 80 units by 2019, strengthening the asset further and providing long-term stability for an investor.
Brand New 20-year Lease Absolute Triple-net (NNN)
Clearwater Florida MSA - RARE
Single-tenant Net- Leased Asset
Zero Landlord Responsibilities
Experienced Franchisee With Stores In FL, AL And LA
10% Rent Escalations Every 5 Years
Complete Remodel Scheduled 1st Quarter 2018
Dense Residential And Industrial Area
49,300 Vehicles Per Day On Ulmerton Rd
Population Within 5 Miles Is 238,239/ 106,000 Households
149,756 Daytime Employees
Florida Tax Free State
Minutes From St. Pete–clearwater International Airport