Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Steve Horvath
704.379.1981 Office
704.379.1988 Fax
horvath@berkeleycap.com
Jay Levell
704.379.1985 Office
704.379.1988 Fax
levell@berkeleycap.com
   
Ground Lease to Dunkin' Donuts

OFFERING SUMMARY

The site sits next to a Walgreens and fronts Jake Alexander Boulevard, the major intra-Salisbury thoroughfare, with a YMCA and Harris Teeter anchored shopping center across the street. The Dunkin' also benefits from the highly trafficked Mooresville Highway one block away.

SUBMARKET OVERVIEW

Dunkin' Donuts Realty Investment (DDRI). DDRI is a wholly owned subsidiary of Dunkin' Brands Group, Inc. (NASDAQ: DNKN) Dunkin' Brands had an IPO on July 27, 2011. Dunkin' Donuts the world's largest coffee and baked goods chain, serving more than 3 million customers per day. Dunkin' Donuts sells 52 varieties of donuts and more than a dozen coffee beverages as well as an array of bagels, breakfast sandwiches and other baked goods. As of December 29, 2012, the company had 10,479 Dunkin' Donuts restaurants in 38 states and the District of Columbia, and 31 other countries; and 6,980 Baskin-Robbins restaurants in 44 states and the District of Columbia, and 45 other countries. It also leases restaurant properties. Dunkin Brands Group, Inc. is headquartered in Canton, Massachusetts.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
Population: 5,772 31,115 53,000  
2013 Est. Avg. HH Income: $33,037 $38,277 $40,067  
OFFERING MEMORANDUM & FILES
Ground Lease to Dunkin' Donuts Salisbury, NC
 
Profiles
  Map/Directions
Location: 715 Jake Alexander Blvd. West
Salisbury, NC
Size: Approximately 1.06 acres
Annual Rent: $58,575
Rent Commencement: December 14, 2006
Lease Term: Fifteen (15) years
Options: Four (4) - five (5) year options
   
   
NET OPERATING INCOME $58,575
   
CAP RATE 6.25
   
OFFERING PRICE $937,200
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