Dunkin’ Donuts Defuniak Springs, Florida

$1,957,000
Cap Rate: 5.40%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 5.40%
Land Size: 0.69
Year Built: 2016
Rentable Square Feet: 2,050
Annual Rent: $105,670
Rent/Square Foot: $51.55
Lease Type: NNN

Description

Address:

1480 US-331
DeFuniak Springs, FL 32435

The Dunkin Donuts/Baskin Robbins located at 1480 US-331 in DeFuniak Springs has a brand new, 15-year lease. This is a brand new location with a drive-thru; construction completed in 2017. There are four, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods.

The subject property is located on State Road 331, with a traffic count of more than 18,000 vehicles per day. The subject property is within close proximity to Interstate 10, which has a traffic count of more than 22,000 vehicles per day. Surrounding national retailers include Walmart Supercenter, Lowes, Winn Dixie, Rent-A-Center, Dollar General, Bealls Outlet, Walgreens, Burger King, McDonald’s, Taco Bell, Pizza Hut, Sonic Drive-In, Waffle House and many more.

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Dunkin Donuts OM (DeFuniak Springs, FL)

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