Investment Highlights
- Three Percent Annual Rent Increases Throughout Base Term and Option Periods
- Long Term, Triple Net (NNN) Lease With Approx. 12 Years Remaining | Two, Five-Year Tenant Renewal Options
- Located on Park Avenue With a Daily Traffic Count of 55,500 Vehicles
- 1.5 Miles from the Entrance/Exit Ramps for Interstate 295 With a Daily Traffic Count of More Than 125,500 Vehicles
- Just Minutes from Major Retail Corridor on Wells Road, Which Has a Daily Traffic Count of More Than 25,000 Vehicles
- Surrounding National Brands Include Walmart Supercenter, Home Depot, Lowes, Sam’s Club, Costco Wholesale, Publix, Bed Bath & Beyond, Planet Fitness, TJ Maxx, Ashley Furniture HomeStore, Winn Dixie, Rooms To Go, Party City, Best Buy, Chick-fil-A, Olive Garden, Chili’s, Cracker Barrel, Outback, 4 Rivers Smokehouse, McDonald’s, Wendy’s, Starbucks, Wawa, CVS, Hilton Garden Inn, Courtyard by Marriott, Hampton Inn and Many More
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Dunkin’ in Orange Park, Florida – part of the Jacksonville metro area. This is a long-term, triple net lease with approximately 12 years remaining on the base term. This lease offers two, five-year tenant renewal options with three percent annual rent increases throughout base term and option periods.
Dunkin’ is the market leader in the hot coffee, iced coffee, flavored coffee, donut, bagel and muffin categories with more than 12,600 restaurants in 40 countries worldwide. Dunkin’ is part of the Inspire Brands restaurants whose portfolio encompass nearly 32,000 Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Jimmy John’s, Rusty Taco, and SONIC Drive-In restaurants across more than 60 countries.
This Dunkin’ is located in a high traffic area on Park Avenue with a daily traffic count of more than 55,500 vehicles and in close proximity to Interstate 295 with more than 225,500 vehicles daily. Other surrounding national brands include Walmart Supercenter, Home Depot, Lowes, Sam’s Club, Costco Wholesale, Publix, Bed Bath & Beyond, Planet Fitness, TJ Maxx, Ashley Furniture HomeStore, Winn Dixie, Rooms To Go, Party City, Best Buy, Chick-fil-A, Olive Garden, Chili’s, Cracker Barrel, Outback, 4 Rivers Smokehouse, McDonald’s, Wendy’s, Starbucks, Wawa, CVS, Hilton Garden Inn, Courtyard by Marriott, Hampton Inn and many more.
The Subject Property is 15 miles from Jacksonville, the most populous city in Florida and the largest city by area in the U.S. The Jacksonville metro area is also the fourth largest in the state – behind the Miami, Tampa, and Orlando – and is home to more than 1.5 million people. The population is over 114,000 within five miles of Subject Property.
