Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand new corporate operated and guaranteed Dunkin’ located in Kent, Ohio, part of the Akron metropolitan area. The Property has a new, 15-year, triple-net ground lease with full-term remaining. The lease offers three, five-year tenant renewal options with 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location currently finishing construction and opening very soon. The property benefits from a dedicated left turn lane from Tallmadge Road. This is a rare corporate operated and guaranteed Dunkin' location. The Dunkin’ brand is the No. 1 coffee chain in the U.S. for 15 consecutive years. The company has more than 13,700 locations throughout 38 global markets. Parent company, Inspire Brands, is the no. 2 largest restaurant company in the U.S. with more than 32,600 restaurants across six brands and is made up of over 3,400 franchisees. The Subject Property is located in Kent, OH, which is part of the Akron metropolitan area. The property is seven miles from Akron and 40 miles southeast of Cleveland. Kent has seen significant economic development in recent years with the growth of new businesses, restaurants, and retail outlets in the area. This Dunkin’ is located directly across the street from Tallmadge Reserve, a new construction housing community with 188 lots, and home prices ranging between $332,990 – $507,025. There are multiple elementary, middle schools and high schools within just five miles of the Subject Property, in addition to Kent State University, with an enrollment of over 26,000 and more than 10,700 employees, including faculty, staff, and student employees. The property is also seven miles from the University of Akron, which has a total enrollment of 14,813 students and 1,566 full-time employees. The Property will have excellent access and visibility from Tallmadge Road, also accessible by a dedicated left turn lane. Tallmadge Road is well-connected to other major roads and highways, offering easy access to nearby communities. This Property is located directly off Interstate 76, with a traffic count of 83,000 vehicles daily and runs East-West and connects the area to Youngstown and into Pennsylvania. Kent’s average annual household income is $93,316 within one mile of the Property and projected to reach $108,698 by 2028.