Dunkin' Donuts Gainesville

104 Northeast Waldo Rd, Gainesville, FL 32641

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest in the newly constructed, free-standing Dunkin’ Donuts with drive-thru located at 104 Northeast Waldo Road Gainesville, FL. The location will be open Q3 of 2019 and will be sold with a 20-year NNN lease term, no landlord responsibilities and rent steps every 5 years. The property is strategically located less than 2 miles from University of Florida.

PROPERTY HIGHLIGHTS

  • DENSE RESIDENTIAL POPULATION IN THE GROWING MARKET
  • EXCELLENT VISIBILITY
  • STRONG OPERATOR
  • GREAT LEASE TERMS
  • TRAFFIC GENERATING NEIGHBORS
  • CLOSE PROXIMITY TO MAJOR UNIVERSITY
  • HIGH TRAFFIC COUNTS
  • BRAND NEW CONSTRUCTION

SITE SPECIFICATIONS

TOTAL GLA:

1,435 sf

Site AREA:

.75 Acres

Lease expiration:

2039

Increases:

8.00% every five years

Options:

Four (five year options)

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

64,431

45,583

Avg. Household Income (2018)

$45,655

$47,732

Med. Household Income (2018)

$55,193

$67,859

PROPERTY OVERVIEW

TENANT NAME:

DUNKIN’ DONUTS

FRANCHISE:

Southern Star Restaurant Manager

OWNERSHIP TYPE/LEASE TYPE:

FEE SIMPLE/NNN

LANDLORD RESPONSIBILITIES:

NONE

STORE OPENING:

Q3 2019 (estimated)

LEASE TERM REMAINING:

20 YEARS

YEAR-ONE NOI:

$85,000

CAP RATE:

5.00%