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Dunkin’ Ground Lease, Cartersville, GA

Dunkin’ Ground Lease

GA, USA

Price $1,235,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2021
Building Size 2,408 SF
Lot Size 0.82 Acres (35,720 SF)
Status Sold
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» Leased to strong Dunkin’ franchisee (45+ locations)
» Absolute NNN ground lease with zero landlord management responsibilities
» 10% fixed rental increases every five years in initial term and extension terms, providing a hedge against inflation
» Dunkin’ (NASDAQ: “DNKN”) is the world’s leading baked goods and coffee chain, serving more than 3 million customers per day

PRIME LOCATION IN A DENSE RETAIL CORRIDOR IN ECONOMICALLY DIVERSE ATLANTA MSA MARKET
» Located on West Avenue, with 16,710 vehicles per day in front of the site, and surrounded by many national retailers including Ingles, McDonald’s, Taco Bell, Wendy’s, Ace Hardware, Arby’s, among many others
» Directly across the highway from Shaw Industries (2,562 employees), one of the major employers in the area
» Minutes from Cartersville Elementary School, Cartersville Middle School, and Cartersville Primary School (3,200 students combined)
» Dominant industries in the region include floor coverings, tires, beer, electricity, steel, textile, automotive components, and marine/agriculture
» Wide 25-mile trade area

NEW 2021 CONSTRUCTION
» Features dedicated drive-thru, providing additional customer convenience and boosting sales revenue
» New building, limiting near-term deferred maintenance or capital costs


Property Description

SOLD

The property is located on West Avenue with excellent access and visibility to 16,710 vehicles per day directly in front of the property. The surrounding area is affluent and densely populated with 47,335 residents within five miles of the property and an average household income of $87,616 residents within one mile of the property. The population is expected to increase by more than 13 percent in the next 5 years poising the area for continued growth. There are many national retailers in the surrounding area including Ingles Market, Ace Hardware, CVS Pharmacy, Advance Auto Parts, McDonald’s, Arby’s, Zaxby’s and many others.

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