DUNKIN’ DONUTS - LoopNet

[Pages:11]DUNKIN' DONUTS

1661 PRECINCT LINE ROAD, HURST, TEXAS

OFFERING MEMORANDUM

13,000 STUDENTS

820

NORTH EAST MALL

121 183

The information in this package has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ? 2020 Marcus Millichap.

MARCUS & MILLICHAP

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Executive Summary

1661 Precinct Line Road, Hurst, TX 76054

FINANCIAL SUMMARY Price Cap Rate Building Size Net Cash Flow Year Renovated Land Size LEASE SUMMARY Lease Type Tenant Lease Guarantor Roof & Structure Lease Commencement Date Lease Expiration Date Lease Term Remaining Rental Increases Renewal Options

$1,926,900 5.0%

2,491 SF 5.0% $96,345

2008 .54 Acres

Triple-Net (NNN) Lease Dunkin' Donuts Corporate

Landlord Responsible November 1, 2008

November 30, 2023 3 Years

Approximately 2% Annually 1, 5 Year Option Remaining

ANNUALIZED OPERATING DATA Lease Years

12/1/2020 - 11/30/2021 12/1/2021 - 11/30/2022 12/1/2022 - 11/30/2023

Option Period 12/1/2023 - 11/30/2024 12/1/2024 - 11/30/2025 12/1/2025 - 11/30/2026 12/1/2026 - 11/30/2027 12/1/2027 - 11/30/2028

Base Rent Net Operating Income Total Return

Annual Rent $96,345.00 $98,486.04 $100,626.96 Annual Rent $102,768.00 $104,909.04 $107,049.96 $109,191.00 $111,332.04

Cap Rate 5.00% 5.11% 5.22% Cap Rate 5.33% 5.44% 5.56% 5.67% 5.78%

$96,345 $96,345 5.0% $96,345

MARCUS & MILLICHAP

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219 UNITS 13,000 STUDENTS

11,700 CPD

W HARWOOD RD

MARCUS & MILLICHAP

40,300 CPD

PRECINCT LINE RD

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MCDONALD'S

MARCUS & MILLICHAP

40,300 CPD

PRECINCT LINE RD

137,440 CPD

TX 183/121 TEXPRESS

11,700 CPD

W HARWOOD RD

13,000 STUDENTS

5 // Dunkin' Donuts

Property Description

INVESTMENT HIGHLIGHTS ? Triple-Net (NNN) Lease with Dunkin' Donuts - Corporate Guaranty ? Recent Remodel with a Drive-Thru ? 261,501 Residents within a 5-Mile Radius - Growing Hurst Trade Area within the

Dallas/Fort Worth MSA ? Average Household Income Exceeds $105,000 within 5 Miles of Subject Property ? Signalized Hard Corner Location at High Traffic Intersection (52,000+ Cars/Day) ? Surrounded by National Retailers - Walmart, ALDI, Target, In-N-Out Burger,

McDonald's, and More ? Adjacent to Tarrant County College's Northeast Campus (13,000+ Students) ? Less Than 1 Mile Off the Texas 183/121 TEXpress (137,440+ Cars/Day) - Direct Access to

DFW International Airport ? Strong Daytime Population - 244,554 Employees in Surrounding Area

MARCUS & MILLICHAP

DEMOGRAPHICS 1-mile 3-miles 5-miles

Population

2025 Projection 2020 Estimate Growth 2020 ? 2025

Households

2025 Projection 2020 Estimate Growth 2020 ? 2025

Income

2020 Est. Average Household Income 2020 Est. Median Household Income 2020 Est. Per Capita Income

12,106 11,735 3.16%

117,125 114,206

2.56%

270,748 261,501

3.54%

5,237 5,046 3.78%

48,117 46,453 3.58%

107,661 103,305

4.22%

$81,144 $95,855 $105,180 $58,124 $70,420 $74,494 $34,982 $39,053 $41,618

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Tenant Overview

Subsidiary

Company Type

Canton, Massachusetts

Headquarters

1950

Founded

11,300+

Locations



Website

Dunkin' Donuts is the world's leading baked goods and coffee chain, serving more than 3 million customers each and every day. True to their name, the chain offers 50+ varieties of donuts, but customers can also enjoy dozens of premium beverages, bagels, breakfast sandwiches and other baked goods. Dunkin' Donuts is a market leader in sales of hot, decaffeinated and flavored coffee, iced coffee, bagels, donuts and muffins.

The brand was founded in 1950 when Bill Rosenberg opened the first Dunkin'

shop in Quincy, Massachusetts. Today, the company is headquartered in Canton, Massachusetts, and there are more than 11,300 Dunkin' Donuts restaurants worldwide: over 8,500 restaurants in 41 states across the United States and over 3,200 international restaurants across 36 countries.

Dunkin' Donuts is a subsidiary of Dunkin' Brands, Inc. With over 130 years of franchising experience, Dunkin' Brands is home to two of the world's most recognized, beloved franchises: Dunkin' Donuts and Baskin-Robbins.

MARCUS & MILLICHAP

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MARCUS & MILLICHAP

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