NNN Dunkin’ Donuts Englewood (Sarasota) FL

  • Price: US $ 1,749,250
  • Property Type: Free standing                    
  • Occupancy: 100%
  • CAP: 5.40 %
  • Building Area: approx.  2,504 SF =233 m²
  • Lot:  approx.  43,560 SF = 4,047 m²
  • NOI: US $94,460
  • Annual Expenses: 0 (Zero) NNN- Tenant responsible for all expenses including property tax, insurance and maintenance
  • Contract Terms: 15 years commenced 11/01/2018 to 07/01/2034 Rent commencing on 08/01/2019
  • Increases: 10% every 5 year
  • Extensions: 4- 5 years’ options
  • Guarantor: Purple Square Management, a very experienced and successful growing franchisee of Popeyes and Dunkin’ Donuts, currently owns and operates over 75 locations in Florida, Georgia, Alabama and Louisiana.
  • Location: Englewood is a growing city on the Gulf coast of Florida, just south of Venice and west of Port Charlotte. The property benefits from its excellent visibility and frontage along one of the most heavily trafficked roads in Englewood (South Indiana Avenue), which boasts over 23,500 vehicles per day. Dunkin’ Donuts (Nasdaq: DNKN) is one of the largest coffee and baked goods chains in the world with more than 12,000 restaurants in 36 countries