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Restaurant

Dunkin' (Absolute NNN Lease)

1639 New Salem Rd, Murfreesboro, TN 37128

Listing Price: $1,789,474

Tenant Name
Dunkin'
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.50

Investment Overview

New 15-year absolute NNN lease. The subject property is a quick-service restaurant building with a wrap around drive-through that will operate under a new 15-year absolute net lease (which will commence upon the close of escrow) with no landlord management or maintenance responsibilities whatsoever. The lease offers landlord-friendly and scheduled rent escalations of eight percent every five-years during the primary term and at each of the four, five-year renewal option periods. Direct street frontage along main thoroughfare. The subject property benefits from excellent access and visibility along New Salem Road and is strategically situated less than one-third of a mile southwest of the I-24 freeway, which provides direct access to Downtown Nashville. There are excellent daily traffic counts of of 28,248 vehicles per day near the subject property and it is surrounded by national retail tenants and residential neighborhoods. The property is adjacent to a Sonic Drive-In, Splashy’s Car Wash, and it is positioned just south of a Costco Wholesale center. Affluent Nashville suburb, infill location. There are over 138,633 residents within a five-mile radius of the subject property with average household incomes of $90,425 within a one-mile radius. The property is also surrounded by numerous residential neighborhoods, schools, and churches including Riverdale High School (2,100+ students) and the World Outreach Church (with 7,950+ weekly attendees, Nashville’s second largest church) both less than a mile away. Experienced franchisee with 69 regional locations. Bluemont Group has been in the QSR business since 2008 and since their inception, the company has grown extensively from just a few stores to owning and operating 69 stores in the Southeastern U.S. The company also operates one of the largest bakeries and distribution centers in the region, BMG Bakery, which distributes over 90,000 dozen doughnuts each week. Further, the company received Dunkin’ Brands Group, Inc.’s prestigious award of “National Developer of the Year” in 2018. The group as a whole has over 60 years of combined real estate, equity management, and franchise operations experience.

Investment Highlights

  • New 15-Year Absolute NNN Lease
  • Direct Street Frontage Along Main Thoroughfare
  • Affluent Nashville Suburb, Infill Location

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

Dunkin' (Absolute NNN Lease)

Listing Price: $1,789,474

Tenant Name
Dunkin'
Years Remaining On Lease
15.0
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.50

Investment Highlights

  • New 15-Year Absolute NNN Lease
  • Direct Street Frontage Along Main Thoroughfare
  • Affluent Nashville Suburb, Infill Location

Investment Overview

New 15-year absolute NNN lease. The subject property is a quick-service restaurant building with a wrap around drive-through that will operate under a new 15-year absolute net lease (which will commence upon the close of escrow) with no landlord management or maintenance responsibilities whatsoever. The lease offers landlord-friendly and scheduled rent escalations of eight percent every five-years during the primary term and at each of the four, five-year renewal option periods. Direct street frontage along main thoroughfare. The subject property benefits from excellent access and visibility along New Salem Road and is strategically situated less than one-third of a mile southwest of the I-24 freeway, which provides direct access to Downtown Nashville. There are excellent daily traffic counts of of 28,248 vehicles per day near the subject property and it is surrounded by national retail tenants and residential neighborhoods. The property is adjacent to a Sonic Drive-In, Splashy’s Car Wash, and it is positioned just south of a Costco Wholesale center. Affluent Nashville suburb, infill location. There are over 138,633 residents within a five-mile radius of the subject property with average household incomes of $90,425 within a one-mile radius. The property is also surrounded by numerous residential neighborhoods, schools, and churches including Riverdale High School (2,100+ students) and the World Outreach Church (with 7,950+ weekly attendees, Nashville’s second largest church) both less than a mile away. Experienced franchisee with 69 regional locations. Bluemont Group has been in the QSR business since 2008 and since their inception, the company has grown extensively from just a few stores to owning and operating 69 stores in the Southeastern U.S. The company also operates one of the largest bakeries and distribution centers in the region, BMG Bakery, which distributes over 90,000 dozen doughnuts each week. Further, the company received Dunkin’ Brands Group, Inc.’s prestigious award of “National Developer of the Year” in 2018. The group as a whole has over 60 years of combined real estate, equity management, and franchise operations experience.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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