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Restaurant

Dunkin Donuts NNN Lease St Petersburg FL

3850 34th St S, St. Petersburg, FL 33711

Listing Price: $2,152,174

Cap Rate
4.60%
Tenant Name
Dounkin Donuts
Years Remaining On Lease
9.8
Gross SF
1,432
Guarantor
Franchisee Guarantee
Rentable SF
1,432
Price/Gross SF
$1,502.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.13

Investment Overview

Marcus & Millichap is pleased to present for sale this Dunkin Donuts located
at 3850 34th Street in St. Petersburg, Florida. St. Petersburg is a booming
city on Floridas Gulf Coast and is part of the Tampa Bay Area and nicknamed
Sunshine City. Its population is growing with a current population of over
261,338 people. St. Petersburg is only a short commute to Tampas Urban
Center. St. Petersburg is the 5th largest city in Florida and the 2nd largest
city in the Tampa Bay Area. It is part of the Tampa-St. Petersburg-Clearwater
Metropolitan area with a population of over 2.8 Million.
This Dunkin Donuts Restaurant with Drive thru is situated Directly Across
the Street from Addison Skyway Apartments, a brand new 308-Unit luxury
apartment complex opening in 2021. This prime property has 5 major
medical centers within an 8-mile radius of the property. These include
Bayfront Health Hospital, John Hopkins Childrens Hospital, St. Anthonys
Hospital, St. Petersburg Hospital and Palms of Pasadena Hospital. Only
minutes from this Dunkin Donuts is Eckerd College with 188 acres and over
2,007 Undergraduate Students. This Dunkin is also only a short 6.5-mile
drive to Downtown St. Petersburg.
Only 6 minutes from this Dunkin Donuts is The Cove at Loggerhead Marina,
a brand-new luxury townhouse community with 158 brand new townhomes
which sold out very quickly. Also located nearby to this property is the
nationally recognized Fort DeSoto Park, which is operated by Pinellas County
and encompasses 5 islands. This popular park sees over 2.7 Million visitors
each year, and is one of the busiest National parks in the U.S.
Dunkin Donuts is the worlds leading coffee and baked goods chain
serving more than 3 Million customers each day. It is famous for its 50
plus varieties of donuts as well as dozens of premium beverages, bagels,
breakfast sandwiches and other baked goods. Dunkin was founded in
1950 by Bill Rosenberg in Quincy Massachusetts and today has more than
11,300 Dunkin restaurants worldwide and over 8,500 restaurants in 41
states across the U.S. and 3,200 in 32 countries worldwide. Dunkin Brands
generated 1.37 Billion U.S. Dollars in Revenue in 2019 and that was up from
1.32 Billion Dollars the previous year.

Investment Highlights

  • 10 Year Absolute NNN Lease
  • 10% Increases every 5 Years and a Strong Multi Unit Franchisee Guarantee
  • Average Household Income Exceeds $88,600 in a One Mile Radius
  • Directly Across the Street from Addison Skyway Apartments
  • 5 Major Medical Centers are within an 8 Mile Radius
  • Florida is a No Income Tax State

Exclusively Listed By

Restaurant

Dunkin Donuts NNN Lease St Petersburg FL

Listing Price: $2,152,174

Cap Rate
4.60%
Tenant Name
Dounkin Donuts
Years Remaining On Lease
9.8
Gross SF
1,432
Guarantor
Franchisee Guarantee
Rentable SF
1,432
Price/Gross SF
$1,502.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$69.13

Investment Highlights

  • 10 Year Absolute NNN Lease
  • 10% Increases every 5 Years and a Strong Multi Unit Franchisee Guarantee
  • Average Household Income Exceeds $88,600 in a One Mile Radius
  • Directly Across the Street from Addison Skyway Apartments
  • 5 Major Medical Centers are within an 8 Mile Radius
  • Florida is a No Income Tax State

Investment Overview

Marcus & Millichap is pleased to present for sale this Dunkin Donuts located
at 3850 34th Street in St. Petersburg, Florida. St. Petersburg is a booming
city on Floridas Gulf Coast and is part of the Tampa Bay Area and nicknamed
Sunshine City. Its population is growing with a current population of over
261,338 people. St. Petersburg is only a short commute to Tampas Urban
Center. St. Petersburg is the 5th largest city in Florida and the 2nd largest
city in the Tampa Bay Area. It is part of the Tampa-St. Petersburg-Clearwater
Metropolitan area with a population of over 2.8 Million.
This Dunkin Donuts Restaurant with Drive thru is situated Directly Across
the Street from Addison Skyway Apartments, a brand new 308-Unit luxury
apartment complex opening in 2021. This prime property has 5 major
medical centers within an 8-mile radius of the property. These include
Bayfront Health Hospital, John Hopkins Childrens Hospital, St. Anthonys
Hospital, St. Petersburg Hospital and Palms of Pasadena Hospital. Only
minutes from this Dunkin Donuts is Eckerd College with 188 acres and over
2,007 Undergraduate Students. This Dunkin is also only a short 6.5-mile
drive to Downtown St. Petersburg.
Only 6 minutes from this Dunkin Donuts is The Cove at Loggerhead Marina,
a brand-new luxury townhouse community with 158 brand new townhomes
which sold out very quickly. Also located nearby to this property is the
nationally recognized Fort DeSoto Park, which is operated by Pinellas County
and encompasses 5 islands. This popular park sees over 2.7 Million visitors
each year, and is one of the busiest National parks in the U.S.
Dunkin Donuts is the worlds leading coffee and baked goods chain
serving more than 3 Million customers each day. It is famous for its 50
plus varieties of donuts as well as dozens of premium beverages, bagels,
breakfast sandwiches and other baked goods. Dunkin was founded in
1950 by Bill Rosenberg in Quincy Massachusetts and today has more than
11,300 Dunkin restaurants worldwide and over 8,500 restaurants in 41
states across the U.S. and 3,200 in 32 countries worldwide. Dunkin Brands
generated 1.37 Billion U.S. Dollars in Revenue in 2019 and that was up from
1.32 Billion Dollars the previous year.

Exclusively Listed By

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