Dunkin’ Donuts Defuniak Springs, Florida

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

Property Details

Cap Rate: 5.40%
Price: $1,957,000
Rentable Square Feet: 2,050 SF
Annual Rent: $105,670
Rent/Square Foot: $51.55
Land Area: 0.69 Acres
Year Built: 2017
Lease Type: NNN
Lease Term: 15 Years
Option Periods: 4, 5-Year Options
Rental Increases: 10% Every 5 Years
Lease Expiration: 9/30/2032

1480 US-331
DeFuniak Springs, FL 32435

Investment Highlights

  • Brand New, 15-Year Lease
  • Four, Five-Year Renewal Options with 10% Increases Every Five Years Throughout Base Term and Option Periods
  • Located on State Road 331, with a Traffic Count of More Than 18,000 Vehicles Per Day
  • Within Close Proximity to Interstate 10, Which has a Traffic Count of More Than 22,000 Vehicles Per Day

 

Investment Overview

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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