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.