Dunkin’ Donuts Plant City, Florida

$1,700,000
Cap Rate: 5.00%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 5.00%
Year Built: 1984
Price: $1,700,000
Rentable Square Feet: 2,636
Annual Rent: $85,000
Rent/Square Foot: $32.25
Land Area: 0.7 Acres
Year Built: 1984
Lease Type: NNN
Lease Term: 10 Years
Option Periods: 4, 5-Year Options
Rental Increases: 10% Every 5 Years
Lease Expiration: 9/30/2027

2307 James L. Redman Parkway
Plant City, FL 33563

Investment Highlights

  • 10-Year, NNN Lease with Over Nine Years Remaining
  • Four, Five-Year Renewal Options with
  • 10% Increases Every Five Years
  • Franchisee is Southern Star Restaurant Management Which Owns and Operates 65 Dunkin’ Donuts Locations
  • Surrounding National Retailers Include Walmart Supercenter, Publix, Lowes, Staples, Marshalls, Michael’s, PetSmart, Papa John’s, Panera Bread and Many More

 

Investment Overview

The Dunkin’ Donuts located at 2307 James L. Redman Parkway 54 in Plant City, has a 10-year, triple net lease with over nine years remaining. There are four, five-year renewal options with 10 percent rental increases every five years throughout the base term and option periods.

This property is located in a busy retail corridor on Redman Parkway. Surrounding national retailers include Walmart Supercenter, Publix, Lowes, Staples, Marshalls, Michael’s, Ross, PetSmart, Tractor Supply Company, Big Lots, Planet Fitness, AutoZone, Bank of America, Papa John’s, Panera Bread, Taco Bell, Subway, KFC, Wendy’s, Pizza Hut and many more.

The Dunkin’ Donuts in Plant City is operated by Southern Star Restaurant Management, headed by Tim Cloe. Southern Star Restaurant Management owns and operates more than 100 quick service restaurants throughout the United States, 65 of which are Dunkin’ Donuts.

For More Information, Download OM: 

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card