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Restaurant

Dunkin' | New Construction 10-Yr NNN Lease

454 Riverstone Pkwy, Kankakee, IL 60901

Listing Price: $1,716,667

Cap Rate
6.00%
Tenant Name
Dunkin'
Years Remaining On Lease
10.2
Gross SF
1,901
Guarantor
Franchisee Guarantee
Rentable SF
1,901
Price/Gross SF
$903.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.18

Investment Overview

Marcus & Millichap is pleased to exclusively offer a unique investment opportunity that seamlessly marries a strong tenant, strategic location, and promising future – a 10-Year Triple-Net Lease for long-term prosperity.

Set within the esteemed Riverstone Parkway, this property serves as a testament to the potential of strategic relocation. Our tenant, a distinguished operator with 28 Dunkin' units across Greater Chicagoland, brings a legacy of success and over 25 years of restaurant industry expertise. Notably, their leadership roles at Potbelly and Chipotle's Chicago Operations Team highlight their remarkable journey. This isn't just a relocation; it's a strategic move orchestrated by a seasoned leader to harness even greater success.

Emphasizing its appeal is the Absolute NNN Lease structure, relieving you of landlord responsibilities for uninterrupted returns. The lease includes 10% rental increases every five years, keeping your investment aligned with market trends.

Scheduled for Fall 2023 completion, the property boasts an innovative design with a double drive-thru, reflecting the tenant's commitment to enhancing customer experience and revenue. Positioned within bustling Riverstone Parkway, an 80-acre development that has already drawn major retailers like Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn, ALDI, and many more. As surrounding lots are quickly snapped up, the potential for increased foot traffic and synergistic growth becomes undeniable.

Surrounded by a population that's ideal for sustained growth, this investment boasts a catchment area of 20,335 residents within three miles and an impressive 41,223 within five miles. Close proximity to Kankakee County's key employers, where 45,610 individuals work within five miles, underscores the employment stability that further enhances this investment's value proposition.

In essence, this 10-Year Triple-Net Lease opportunity embodies a narrative of growth, tenant expertise, strategic location, and long-term security.

Investment Highlights

  • 10-Year Triple-Net Lease | Relocation from an Already Successful Location
  • Experienced Operator with 28 Dunkin' Units in the Greater Chicagoland Area
  • New 2023 Construction | Double Drive-Thru Adds Value and Flexibility | To be Completed Fall 2023
  • Part of Riverstone Parkway | An 80-Acre Development | Major Retailers in this Development Include Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn (110 Rooms), ALDI, Dollar Tree and More
  • Located Directly off of the Interstate 57 Interchange

Exclusively Listed By

Financing By

Restaurant

Dunkin' | New Construction 10-Yr NNN Lease

Listing Price: $1,716,667

Cap Rate
6.00%
Tenant Name
Dunkin'
Years Remaining On Lease
10.2
Gross SF
1,901
Guarantor
Franchisee Guarantee
Rentable SF
1,901
Price/Gross SF
$903.03
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.18

Investment Highlights

  • 10-Year Triple-Net Lease | Relocation from an Already Successful Location
  • Experienced Operator with 28 Dunkin' Units in the Greater Chicagoland Area
  • New 2023 Construction | Double Drive-Thru Adds Value and Flexibility | To be Completed Fall 2023
  • Part of Riverstone Parkway | An 80-Acre Development | Major Retailers in this Development Include Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn (110 Rooms), ALDI, Dollar Tree and More
  • Located Directly off of the Interstate 57 Interchange

Investment Overview

Marcus & Millichap is pleased to exclusively offer a unique investment opportunity that seamlessly marries a strong tenant, strategic location, and promising future – a 10-Year Triple-Net Lease for long-term prosperity. Set within the esteemed Riverstone Parkway, this property serves as a testament to the potential of strategic relocation. Our tenant, a distinguished operator with 28 Dunkin' units across Greater Chicagoland, brings a legacy of success and over 25 years of restaurant industry expertise. Notably, their leadership roles at Potbelly and Chipotle's Chicago Operations Team highlight their remarkable journey. This isn't just a relocation; it's a strategic move orchestrated by a seasoned leader to harness even greater success. Emphasizing its appeal is the Absolute NNN Lease structure, relieving you of landlord responsibilities for uninterrupted returns. The lease includes 10% rental increases every five years, keeping your investment aligned with market trends. Scheduled for Fall 2023 completion, the property boasts an innovative design with a double drive-thru, reflecting the tenant's commitment to enhancing customer experience and revenue. Positioned within bustling Riverstone Parkway, an 80-acre development that has already drawn major retailers like Walmart Supercenter, Tractor Supply Co., Hilton Garden Inn, ALDI, and many more. As surrounding lots are quickly snapped up, the potential for increased foot traffic and synergistic growth becomes undeniable. Surrounded by a population that's ideal for sustained growth, this investment boasts a catchment area of 20,335 residents within three miles and an impressive 41,223 within five miles. Close proximity to Kankakee County's key employers, where 45,610 individuals work within five miles, underscores the employment stability that further enhances this investment's value proposition. In essence, this 10-Year Triple-Net Lease opportunity embodies a narrative of growth, tenant expertise, strategic location, and long-term security.

Exclusively Listed By

Financing By

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