Restaurant
Dunkin' | Cincinnati, OH
5991 Glenway Ave, Cincinnati, OH 45238
Listing Price: $2,176,000
Investment Overview
Recent 20 YEAR LEASE EXTENSION
- The tenant just exercised a 20 year lease extension, showing continued commitment to the site
- This has been a Dunkin’ for nearly 20 years, since construction in 2008
Multiple Income Streams
- Base Rent - $84,000 per year with a 14.3% Rental increase in two years
- Percentage Rent – Tenant pays 5% of gross sales in excess of threshold table (Landlord collected $24,290 in percentage rent last year)
- Billboard - $6,000 per year
Strong Performing Store
- Extremely healthy 5.00% Rent-to-Sales ratio!
- Strong performing location!
Incredible Location
- Located on the signalized intersection of Werk Road & Glenway Ave
- Access from both Wek Road & Glenway Ave
- Super dense population surrounding subject property: 16,000+ (one-mile) | 104,000+ (three-mile) | 206,000+ (five-mile)
- Located in a major retail corridor surrounded by national tenants including Target, Kroger, Hope Depot, ALDI, Walmart Fifth Third Bank, PNC Bank, Chick-Fil-A, Outback, Wendy’s, McDonald’s, Taco Bell, Raising Cane’s, and more!
Investment Highlights
- - The tenant just exercised a 20 year lease extension, showing continued commitment to the site - This has been a Dunkin' for nearly 20 years, since construction in 2008
- - Extremely healthy 5.00% Rent-to-Sales ratio! - Strong performing location!
- - Located on the signalized intersection of Werk Road & Glenway Ave - Access from both Wek Road & Glenway Ave
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Financing By
Listing Price: $2,176,000
Investment Highlights
- - The tenant just exercised a 20 year lease extension, showing continued commitment to the site - This has been a Dunkin' for nearly 20 years, since construction in 2008
- - Extremely healthy 5.00% Rent-to-Sales ratio! - Strong performing location!
- - Located on the signalized intersection of Werk Road & Glenway Ave - Access from both Wek Road & Glenway Ave
Investment Overview
Recent 20 YEAR LEASE EXTENSION - The tenant just exercised a 20 year lease extension, showing continued commitment to the site - This has been a Dunkin’ for nearly 20 years, since construction in 2008 Multiple Income Streams - Base Rent - $84,000 per year with a 14.3% Rental increase in two years - Percentage Rent – Tenant pays 5% of gross sales in excess of threshold table (Landlord collected $24,290 in percentage rent last year) - Billboard - $6,000 per year Strong Performing Store - Extremely healthy 5.00% Rent-to-Sales ratio! - Strong performing location! Incredible Location - Located on the signalized intersection of Werk Road & Glenway Ave - Access from both Wek Road & Glenway Ave - Super dense population surrounding subject property: 16,000+ (one-mile) | 104,000+ (three-mile) | 206,000+ (five-mile) - Located in a major retail corridor surrounded by national tenants including Target, Kroger, Hope Depot, ALDI, Walmart Fifth Third Bank, PNC Bank, Chick-Fil-A, Outback, Wendy’s, McDonald’s, Taco Bell, Raising Cane’s, and more!
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Financing By