The Boulder Group is pleased to exclusively market for sale
a single tenant net leased corporately guaranteed Dunkin’ Donuts property
located within an affluent suburb of Chicago. The property is strategically
located along Illinois Route 59, a primary north-south thoroughfare. The
property is ideally situated along the morning commute side of Illinois Route
59. The corporately guaranteed Dunkin’ Donuts lease has approximately nine years
remaining and features a 15% rental escalation in the primary term and in each renewal
option period. Dunkin’ Donuts is a publicly traded company (NASDAQ: DNKN) with
a market capitalization in excess of $4.5 billion. The property is co-branded
with Baskin-Robbins.
The 3,816 square foot Dunkin’ Donuts building is located along Illinois
Route 59. Illinois Route 59 is the primary north-south thoroughfare in the
trade area that experiences traffic counts in excess of 45,000 vehicles per
day. Additionally, Illinois Route 59 has a direct interchange with Interstate
88. Interstate 88 is located approximately three-quarters of a mile north of
the property and experiences traffic counts in excess of 126,000 vehicles per day.
The densely populated affluent area has approximately 190,000 people living
within a five mile radius earning average annual household incomes in excess of
$102,000.
The Dunkin’ Donuts property benefits from its close proximity to many
large office buildings including the headquarters of several large
corporations. Both Nicor, an energy and shipping company, and Nalco, a supplier
of water, energy, and air improvement solutions, are headquartered in the
immediate vicinity employing 3,700 and 1,000 people, respectively, at their
Naperville offices. Additionally, the surrounding area features many national
retailers including Target, Meijer, Walgreens, CVS, and Chase Bank.
There are approximately nine years remaining on Dunkin’
Donuts original twenty year lease that expires September 30, 2023. The
corporately guaranteed lease features a 15% rental escalation in the primary
term and in each renewal option period. There are five 5-year renewal option
periods. Dunkin’ Donuts is publicly traded on the NASDAQ (DNKN) with a market
capitalization in excess of $4.5 billion.
http://bouldergroup.com/NNN-Properties-For-Sale.html
