For Sale | Triple Net Lease Dunkin Donuts | The Boulder Group

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

Single Tenant Net Leased JP Morgan Office Property in Columbus, Ohio Sale Arranged by The Boulder Group

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased JP Morgan Chase office property located at 3401 Morse Crossing Road, Columbus, Ohio for $8,928,000.

The 84,000 square foot JP Morgan Chase property was built in 1994 and renovated in 2004. The building is located just west of Interstate 270 and less than three miles north of the Columbus airport. The building is part of a 580,000 square foot JP Morgan Chase regional campus. The property is located near the Easton Town Center, a 1.7 million square foot lifestyle center which features retailers Nordstrom, Macy’s and AMC Theaters. The building is fully leased to JP Morgan Chase on a net lease basis with approximately two years of lease term remaining. JP Morgan Chase is an investment grade rated company with a Standard & Poor’s rating of A+ and has over 5,500 locations nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private Chicago based partnership. The buyer was an East Coast based institution.

JP Morgan Chase has approximately two years of lease term remaining. JP Morgan Chase is a publicly traded company on the New York Stock Exchange (JPM), with a market capitalization of $151 billion. JP Morgan Chase is an investment grade rated company with a Standard & Poor’s rating of A+ and has over 5,500 locations nationwide.

“The market for single tenant office buildings leased to investment grade rated tenants remains robust as these assets are in high demand among investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Despite the shorter lease term of this asset, the transaction was fulfilled due to the credit quality of the tenant and its prime location in a major market.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.4 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

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