commercial real estate property for sale dunkin donuts largo florida nnn single tenant the ben-moshe brothers of marcus & millichap

Dunkin' Donuts 20-Year NNN Clearwater FL MSA

place 7030 Ulmerton Rd, Largo (CLEARWATER MSA), Florida, 33771

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EXECUTIVE SUMMARY

LIST PRICE $1,987,980
CAP RATE 5.15%
INCREASES 10% Every 5 Years
LEASE TERM 20 Years
OPTIONS Four 5-Year Options
LOT SIZE 39,204 SF
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
TRAFFIC COUNTS Over 49,300 Cars Per Day

INVESTMENT DESCRIPTION

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.

INVESTMENT HIGHLIGHTS

    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
    Convenient Ingress And Egress

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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