Restaurant
Dunkin' Donuts
151 E Commerce St, Hernando, MS 38632
Listing Price: $1,795,000
Cap Rate
5.35%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
12.9
Guarantor
Franchisee Guarantee
Rentable SF
2,016
Lease Type
Double Net
Rent Per Square Feet
$47.62
Investment Overview
The offering consists of a long-term leased, single tenant Dunkin' Donuts built in 2024. The property is located approximately 25-miles south of downtown Memphis, Tennessee in the highly desirable and growing suburb of Hernando, Mississippi.
Investment Highlights
- Favorable Tenant - Established multistate Dunkin' Donuts franchisee with over 20 years of experience and continued growth
- Double Net (NN) Lease - Minimal Landlord expense and maintenance responsibilities
- Fixed Rental Increases - 10% Rental Increases every 5 years
- Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88%
- Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with surrounding retail including McDonald's, Whataburger, Wendy's Starbuck's, Circle K, Waffle House, AutoZone, O'Reilly Auto Parts, Caliber Collision, Sherwin Williams, Dollar Tree, H&R Block, multiple banks, and numerous other local and national retailers and businesses in the area
- Walmart Supercenter - Further enhancing the area is a Walmart Supercenter located approximately a mile to the east with additional retailers including Zaxby's, Taco Bell, KFC, Sonic Drive-In, Arby's, Walgreen's and many others, including a variety of other amenities and Hospitality uses
- Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN
- Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius
Broker of Record
Financing By
Listing Price: $1,795,000
Cap Rate
5.35%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
12.9
Guarantor
Franchisee Guarantee
Rentable SF
2,016
Lease Type
Double Net
Rent Per Square Feet
$47.62
Investment Highlights
- Favorable Tenant - Established multistate Dunkin' Donuts franchisee with over 20 years of experience and continued growth
- Double Net (NN) Lease - Minimal Landlord expense and maintenance responsibilities
- Fixed Rental Increases - 10% Rental Increases every 5 years
- Scheduled Rental Increase in Approximately 3 Years - Increasing Cap Rate to 5.88%
- Desirable Retail Location - Situated in close proximity to a Kroger Marketplace (with fuel station) anchored shopping center with surrounding retail including McDonald's, Whataburger, Wendy's Starbuck's, Circle K, Waffle House, AutoZone, O'Reilly Auto Parts, Caliber Collision, Sherwin Williams, Dollar Tree, H&R Block, multiple banks, and numerous other local and national retailers and businesses in the area
- Walmart Supercenter - Further enhancing the area is a Walmart Supercenter located approximately a mile to the east with additional retailers including Zaxby's, Taco Bell, KFC, Sonic Drive-In, Arby's, Walgreen's and many others, including a variety of other amenities and Hospitality uses
- Growing, Award Winning Community - Hernando, Mississippi serves as a county seat with top-rated schools, and is a suburb of Memphis, TN
- Strong Demographics - Average Household Income of $112,956 and over 26,405 residents in a 5-mile radius
Investment Overview
The offering consists of a long-term leased, single tenant Dunkin' Donuts built in 2024. The property is located approximately 25-miles south of downtown Memphis, Tennessee in the highly desirable and growing suburb of Hernando, Mississippi.
Broker of Record
Financing By