DUNKIN' DONUTS

3299 SOUTH BABCOCK STREET, MELBOURNE, FL 32901

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest the newly remodeled, free-standing Dunkin’ Donuts with drive-thru located at 4015 1st Street in Bradenton, FL . The location will be o pen Q2 of 20 18 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 on the highly traveled Tamiami Trail and US Highway 30 1 across from the Desoto Square Mall.

PROPERTY HIGHLIGHTS

  • LONG LEASE WITH GREAT TERMS
  • STRATEGIC LOCATION
  • EXCELLENT VISIBILITY
  • TRAFFIC GENERATING NEIGHBORS
  • STRONG OPERATOR
  • REMODELED LOCATION

SITE SPECIFICATIONS

TOTAL GLA

1,600 SF

SITE AREA

.6 ACRES

LEASE EXPIRATION

2038

INCREASES:

8.00% EVERY FIVE YEARS

OPTIONS

FOUR (FIVE YEAR OPTIONS)

DEMOGRAPHICS

RADIUS

3 MILE

5 MILE

POPULATION

50,448

93,178

Avg. Household Income (2017)

$55,572

$67,063

NUMBER OF HouseholdS (2017)

20,919

38,716

PROPERTY OVERVIEW

TENANT NAME:

DUNKIN’ DONUTS

OWNERSHIP TYPE/LEASE TYPE:

FEE SIMPLE/NNN

LANDLORD RESPONSIBILITIES:

NONE

STORE OPENING:

Second QUARTER 2018

LEASE TERM REMAINING:

20 YEARS

PRICE:

$1,700,000

YEAR-ONE NOI:

$85,000

CAP RATE:

5.00%