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Restaurant

Dunkin' | Cincinnati, OH

5991 Glenway Ave, Cincinnati, OH 45238

Listing Price: $2,176,000

Cap Rate
5.25%
Tenant Name
Dunkin'
Years Remaining On Lease
22.1
Guarantor
Franchisee Guarantee
Rentable SF
2,303
Lease Type
Absolute Net
Rent Per Square Feet
$49.63

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

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Dunkin' | Cincinnati, OH

Listing Price: $2,176,000

Cap Rate
5.25%
Tenant Name
Dunkin'
Years Remaining On Lease
22.1
Guarantor
Franchisee Guarantee
Rentable SF
2,303
Lease Type
Absolute Net
Rent Per Square Feet
$49.63

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

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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