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Dunkin’, Hernando, MS

Dunkin’, Hernando, MS


Investment Summary

Price $1,795,000
Cap Rate 5.35%
NOI $96,000
Lease Term 15 years
Lease Type Net lease, with tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot
Rental Increases Scheduled 10% rental increases
Year Built 2024
Building Size 2,016 SF
Lot Size 0.36 acres (15,682 SF)
Status Available
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NET LEASE TO THE LARGEST COFFEE AND DONUTS BRAND IN THE UNITED STATES
» New 15-year net lease with scheduled 10% rental increases in initial term and option periods
» Three (3) option periods of five (5) years each, providing a passive long-term income generator
» Experienced 73-unit operator (projected to operate 80 by year’s end) with over 15 years of experience with Dunkin’
» Dunkin’ is the largest coffee and donuts brand in the United States, with more than 13,200 restaurants in nearly 40 global markets
» On average Dunkin’ sells 2 billion iced and hot coffees per year

PRIME LOCATION NEXT TO A KROGER-ANCHORED SHOPPING CENTER
» High-visibility and easily accessible location on East Commerce Street with access to 25,000 vehicles per day
» Strategically located adjacent to a Kroger-anchored shopping center, positioning the site to capture significant crossover buyer activity
» Located less than one mile from a Walmart Supercenter-anchored shopping center, driving significant shopper traffic into the area
» Surrounded by major national brand tenants including Walgreens, Exxon, Sonic Drive-In, Taco Bell, Arby’s, Wendy’s, Starbucks, and many others
» Beneficial proximity to the interchange of Interstate 55 and East Commerce Street, positioning the site to capture a combined 33,200 vehicles per day from a mix of local, commuter and long-haul traffic

CENTRAL LOCATION NEAR HERNANDO SCHOOLS, COMMUNITY HUBS, AND LARGE EMPLOYERS
» 25,508 residents live within five miles of the site, creating a stable customer base for the property
» High average annual household income of $98,711 within five miles of the site
» Projected population and AAHI increases within 1-,3- and 5-mile radii over the next five years poise Dunkin’ and Hernando for steady concurrent growth
» Located 1.5 miles from Hernando High School, serving 1,382 students in grades 9-12
» Located one mile from Hernando Elementary School, serving 682 students in grades K-1

NEW 2024 CONSTRUCTION WITH A DEDICATED DRIVE-THRU
» New high-quality 2024 construction built to Dunkin’s latest prototype
» The site features a dedicated drive-thru for added customer convenience

Property Description

» This Dunkin’ has a high-visibility and easily accessible location on East Commerce Street with access to 25,000 vehicles per day
» The property is strategically located adjacent to a Kroger-anchored shopping center, positioning the site to capture significant crossover buyer activity
» The location features a prime setting surrounded by major national brand tenants, including Walmart Supercenter, Waffle House, Walgreens, Exxon, Sonic Drive-In, Taco Bell, Arby’s, Wendy’s Starbucks and many others
» The site greatly benefits from its proximity to the interchange of Interstate 55 and East Commerce Drive, positioning the site to capture a combined 33,200 vehicles per day from a mix of local, commuter and long-haul traffic
» 25,508 residents live within a five-mile radius of the site, providing a reliable customer base
» Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise Dunkin’ and Hernando for steady concurrent growth

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