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Urban-High Street

Dunkin Donuts & Pizza Hut Retail

760 Fulton Ave, Hempstead, NY 11550

Listing Price: $3,550,000

Cap Rate
4.76%
Gross SF
3,151
Rentable SF
3,151
Price/Gross SF
$1,126.63
Lot Size
0.36 acres
Year Built
2021

Investment Overview

The subject offering is a new-construction two-tenant corner retail property located in Hempstead (Long Island), New York. The property features two national retailers, Dunkin Donuts and Pizza Hut. Dunkin Donuts has a brand-new 10-year lease. Dunkin Donuts is relocating to this location after operating for 25 years right down the street. The site has a drive-thru, as well as access for ingress and egress on both Fulton Avenue and Meadowbrook Lane. This lease is guaranteed by Dunkin Donuts Corporate. They have a $10K increase every five years, including in the option periods, and Dunkin Donuts reimburses for their pro-rata share of all expenses on the property. Pizza Hut also has a brand-new 10-year lease with 2% annual increases. The lease is guaranteed by Chaac Pizza Northeast, LLC, a Texas-based franchisee with 118 Pizza Huts throughout NY, NJ, PA, OH, KY, MD and DC. Pizza Hut has 2% annual increases, including in the option periods. They are responsible for reimbursing for their pro-rata share of taxes above their base-year (2021). The property is located on Fulton Avenue in Hempstead. It is right down the street from the entrance to Hofstra University, which has just over 11,000 full-time students and just over 3,300 faculty members. There are 3,500 students living on campus. The Hofstra/Fulton Ave corridor features national retailers McDonald’s, Popeye’s, Starbucks, Jersey Mike’s, Chipotle and Papa John’s. There are traffic counts of approximately 54,000 vehicles per day traveling past the property. This is the rare opportunity to acquire a multi-tenant retail property featuring two national brands in the Metro New York market.

Investment Highlights

  • Brand-New Construction 3,151 SF Retail Property
  • Dunkin Donuts and Pizza Hut Have New 10-Year Leases - Corporate Guaranteed
  • Corner Location with Drive-Thru and 24 Car Parking

Exclusively Listed By

Urban-High Street

Dunkin Donuts & Pizza Hut Retail

Listing Price: $3,550,000

Cap Rate
4.76%
Gross SF
3,151
Rentable SF
3,151
Price/Gross SF
$1,126.63
Lot Size
0.36 acres
Year Built
2021

Investment Highlights

  • Brand-New Construction 3,151 SF Retail Property
  • Dunkin Donuts and Pizza Hut Have New 10-Year Leases - Corporate Guaranteed
  • Corner Location with Drive-Thru and 24 Car Parking

Investment Overview

The subject offering is a new-construction two-tenant corner retail property located in Hempstead (Long Island), New York. The property features two national retailers, Dunkin Donuts and Pizza Hut. Dunkin Donuts has a brand-new 10-year lease. Dunkin Donuts is relocating to this location after operating for 25 years right down the street. The site has a drive-thru, as well as access for ingress and egress on both Fulton Avenue and Meadowbrook Lane. This lease is guaranteed by Dunkin Donuts Corporate. They have a $10K increase every five years, including in the option periods, and Dunkin Donuts reimburses for their pro-rata share of all expenses on the property. Pizza Hut also has a brand-new 10-year lease with 2% annual increases. The lease is guaranteed by Chaac Pizza Northeast, LLC, a Texas-based franchisee with 118 Pizza Huts throughout NY, NJ, PA, OH, KY, MD and DC. Pizza Hut has 2% annual increases, including in the option periods. They are responsible for reimbursing for their pro-rata share of taxes above their base-year (2021). The property is located on Fulton Avenue in Hempstead. It is right down the street from the entrance to Hofstra University, which has just over 11,000 full-time students and just over 3,300 faculty members. There are 3,500 students living on campus. The Hofstra/Fulton Ave corridor features national retailers McDonald’s, Popeye’s, Starbucks, Jersey Mike’s, Chipotle and Papa John’s. There are traffic counts of approximately 54,000 vehicles per day traveling past the property. This is the rare opportunity to acquire a multi-tenant retail property featuring two national brands in the Metro New York market.

Exclusively Listed By

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