DUNKIN' DONUTS

4015 1ST STREET BRADENTON, FLORIDA 34208

SUMMARY

Garito and Company is pleased to offer for sale a 100% fee simple interest Dunkin’. The newly remodeled, free-standing Dunkin’ is scheduled to open June 1st, 2019! It 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 301 across from the Desoto Square Mall.

PROPERTY HIGHLIGHTS

SITE SPECIFICATIONS

TOTAL GLA

2,599 SF

SITE AREA:

.86 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:

$2,400,000

YEAR-ONE NOI:

$120,000

CAP RATE:

5.00%