Restaurant

Dunkin

70 Teneyck Ave, Greenwood Lake, NY 10925

Listing Price: $1,455,000

Cap Rate
5.50%
Tenant Name
Dunkin
Years Remaining On Lease
20.30
Guarantor
Franchisee Guarantee
Rentable SF
2,017
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.66

Investment Overview

HIGHLY FREQUENTED GREENWOOD LAKE RETAIL LOCATION The property is well-located with excellent visibility on the corner of Teneyck Ave and State Route 17-B, with average daily traffic of over 7,750 vehicles per day (VPD). WELL-ESTABLISHED AND EXPANDING FRANCHISEE The franchisee has been in the QSR business since 2009. They have successfully managed and held equity interests in a portfolio of 57 Dunkin’ Donuts in New York, New Jersey and Arizona, as well as 29 Taco Bells in New York and Kentucky. The franchisee has over 39 years of combined real estate experience. The lease is guaranteed by ABDD IV LLC (5 +/- unit entity), an ABDD Capital wholly owned entity valued at $5 to $7 million.

Investment Highlights

  • NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
  • STRONG AVERAGE ANNUAL HOUSEHOLD INCOME
  • RECENTLY CONSTRUCTED BUILDING WITH DRIVE-THRU

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Jason Hernandez

    First Vice President Investments

    (916) 724-1300

    Email Jason

    License(s): CA: 01392646

    Sacramento

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Financing By

Listing Price: $1,455,000

Cap Rate
5.50%
Tenant Name
Dunkin
Years Remaining On Lease
20.30
Guarantor
Franchisee Guarantee
Rentable SF
2,017
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.66

Investment Highlights

  • NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
  • STRONG AVERAGE ANNUAL HOUSEHOLD INCOME
  • RECENTLY CONSTRUCTED BUILDING WITH DRIVE-THRU

Investment Overview

HIGHLY FREQUENTED GREENWOOD LAKE RETAIL LOCATION The property is well-located with excellent visibility on the corner of Teneyck Ave and State Route 17-B, with average daily traffic of over 7,750 vehicles per day (VPD). WELL-ESTABLISHED AND EXPANDING FRANCHISEE The franchisee has been in the QSR business since 2009. They have successfully managed and held equity interests in a portfolio of 57 Dunkin’ Donuts in New York, New Jersey and Arizona, as well as 29 Taco Bells in New York and Kentucky. The franchisee has over 39 years of combined real estate experience. The lease is guaranteed by ABDD IV LLC (5 +/- unit entity), an ABDD Capital wholly owned entity valued at $5 to $7 million.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Jason Hernandez

    First Vice President Investments

    (916) 724-1300

    Email Jason

    License(s): CA: 01392646

    Sacramento

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Financing By

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