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Restaurant

Dunkin' Donuts

11181 US 49, Gulfport, MS 39503

Listing Price: $1,621,052

Cap Rate
4.75%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
10.8
Guarantor
Franchisee Guarantee
Rentable SF
2,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.43

Investment Overview

The subject property is a single-tenant Dunkin’ Donuts net leased asset located in the high-traffic, main retail corridor of Highway 49 in Gulfport, Mississippi. This six-lane commercial highway boasts tremendous traffic counts in excess of 44,000 vehicles per day. Retail in the area consists of Hobby Lobby, Winn Dixie, Walgreen’s, Regions Bank, Advance Auto, McDonald’s, Taco Bell, Burger King, Whataburger, Sonic Drive-In, Wendy’s, Hardee’s, Chick-Fil-A, Raising Cane’s, NTB Tire & Service Center, CVS, Circle K, and a Walmart Neighborhood Market (with gas) among numerous others. Most notably, and in close proximity to the south, is Crossroads Center. This 554,720-square foot open-air retail center is the largest power center servicing the Gulfport region. Retailers at the center include Belk, T.J. Maxx, Ross Dress for Less, Barnes & Noble, Old Navy, PetSmart, Michaels, Office Depot, Academy Sports, ULTA Beauty, Party City, Shoe Carnival, Burkes Outlet, Five Below, and a Cinemark among others. Overall, the center has more than 50 tenants and contains a variety of outparcels including TGI Fridays, LongHorn Steakhouse, Cracker Barrel, Logan’s Roadhouse, Chuck E. Cheese, and Chili’s. (source: www.bizneworleans.com) Also in the area of Crossroads Center is Best Buy, Sam’s Club, Texas Roadhouse, Buffalo Wild Wings, Home Depot, the Gulfport Premium Outlets, and a few hotels. In addition, the property is located approximately 4.5-miles north of the Gulfport-Biloxi International Airport, the second largest airport in the state welcoming nearly 800,000 travelers each year. The airport serves as the gateway to the Gulf Coast. (source: www.flygpt.com) Built in 2018, the property consists of an approximate 2,450-square foot retail building* situated on approximately 0.58 acres of land*. The lease is Absolute Triple Net (NNN) in nature with zero landlord repair and maintenance responsibilities whatsoever and contains One 5-year renewal option with 10% rental increases ever five years during the lease and option period. *Buyer to verify the accuracy of these figures during their Due Diligence. Incorporated in 1898, Gulfport quickly took advantage of its geographical location to become one of the most critical seaports in the region. Soon, Gulfport blossomed as a resort destination, and has continued to grow as such ever since. Today, Gulfport is Mississippi's second largest city offering sandy beaches, first-rate spas, casinos and resorts, gorgeous fairways, relaxing ferry rides, and a lovely downtown for those who want simply enjoy the stunning surroundings offered by this coastal city. Gulfport is located in the most southern region of Mississippi, along the coast at the intersection of Highways 90 and 49. It is approximately 150 miles south of Jackson, and 70 miles south of Hattiesburg, MS. (source: www.go-mississippi.com/gulfport)

Investment Highlights

  • Original 15-Year Lease with Approximately 11-Years Remaining
  • Absolute Triple Net (NNN) Lease
  • 10% Rental Increases Every 5-Years
  • Experienced Dunkin' Donuts Franchisee with Locations Across Multiple States
  • High Traffic Location in the Primary Retail Corridor of Highway 49
  • Average Household Income of $64,706 Within a Three-Mile Radius

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Restaurant

Dunkin' Donuts

Listing Price: $1,621,052

Cap Rate
4.75%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
10.8
Guarantor
Franchisee Guarantee
Rentable SF
2,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$31.43

Investment Highlights

  • Original 15-Year Lease with Approximately 11-Years Remaining
  • Absolute Triple Net (NNN) Lease
  • 10% Rental Increases Every 5-Years
  • Experienced Dunkin' Donuts Franchisee with Locations Across Multiple States
  • High Traffic Location in the Primary Retail Corridor of Highway 49
  • Average Household Income of $64,706 Within a Three-Mile Radius

Investment Overview

The subject property is a single-tenant Dunkin’ Donuts net leased asset located in the high-traffic, main retail corridor of Highway 49 in Gulfport, Mississippi. This six-lane commercial highway boasts tremendous traffic counts in excess of 44,000 vehicles per day. Retail in the area consists of Hobby Lobby, Winn Dixie, Walgreen’s, Regions Bank, Advance Auto, McDonald’s, Taco Bell, Burger King, Whataburger, Sonic Drive-In, Wendy’s, Hardee’s, Chick-Fil-A, Raising Cane’s, NTB Tire & Service Center, CVS, Circle K, and a Walmart Neighborhood Market (with gas) among numerous others. Most notably, and in close proximity to the south, is Crossroads Center. This 554,720-square foot open-air retail center is the largest power center servicing the Gulfport region. Retailers at the center include Belk, T.J. Maxx, Ross Dress for Less, Barnes & Noble, Old Navy, PetSmart, Michaels, Office Depot, Academy Sports, ULTA Beauty, Party City, Shoe Carnival, Burkes Outlet, Five Below, and a Cinemark among others. Overall, the center has more than 50 tenants and contains a variety of outparcels including TGI Fridays, LongHorn Steakhouse, Cracker Barrel, Logan’s Roadhouse, Chuck E. Cheese, and Chili’s. (source: www.bizneworleans.com) Also in the area of Crossroads Center is Best Buy, Sam’s Club, Texas Roadhouse, Buffalo Wild Wings, Home Depot, the Gulfport Premium Outlets, and a few hotels. In addition, the property is located approximately 4.5-miles north of the Gulfport-Biloxi International Airport, the second largest airport in the state welcoming nearly 800,000 travelers each year. The airport serves as the gateway to the Gulf Coast. (source: www.flygpt.com) Built in 2018, the property consists of an approximate 2,450-square foot retail building* situated on approximately 0.58 acres of land*. The lease is Absolute Triple Net (NNN) in nature with zero landlord repair and maintenance responsibilities whatsoever and contains One 5-year renewal option with 10% rental increases ever five years during the lease and option period. *Buyer to verify the accuracy of these figures during their Due Diligence. Incorporated in 1898, Gulfport quickly took advantage of its geographical location to become one of the most critical seaports in the region. Soon, Gulfport blossomed as a resort destination, and has continued to grow as such ever since. Today, Gulfport is Mississippi's second largest city offering sandy beaches, first-rate spas, casinos and resorts, gorgeous fairways, relaxing ferry rides, and a lovely downtown for those who want simply enjoy the stunning surroundings offered by this coastal city. Gulfport is located in the most southern region of Mississippi, along the coast at the intersection of Highways 90 and 49. It is approximately 150 miles south of Jackson, and 70 miles south of Hattiesburg, MS. (source: www.go-mississippi.com/gulfport)

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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