2520 5th Ave S
Fort Dodge, IA 50501
Dunkin' Donuts · Retail Property For Sale
PROPERTY FACTS
ABOUT 2520 5TH AVE S , FORT DODGE, IA 50501
NNN LEASE STRUCTURES: Both leases are NNN. Dunkin’ Donuts rent will increase 5% in 2020 and Pizza Hut’s rent will increase 8% upon execution of their first option in 2022. INVESTMENT GRADE TENANTS: Pizza Hut’s guarantor, NPC International, is the largest Pizza Hut franchisee in the world and operates more than 1,213 locations in 27 states. NPC International has more than 60 years of Pizza Hut operating history, and is the 5th largest restaurant unit operator in the United States. Dunkin Donut’s is an experienced 18-unit operator throughout Iowa with deep market knowledge. LOCATED ON THE MAIN THOROUGHFARE: The property is situated directly off of 5th Avenue. Trade area retailers include Walmart, Target, Hy-Vee, Walgreen’s and restaurants such as McDonald’s, Applebee’s, Buffalo Wild Wing’s and Burger King. BRAND NEW CONSTRUCTION: Built in 2015, Pizza Hut and Dunkin’ Donuts were designed with the most recent brand standards and efficient layouts including a drive-thru.
PROPERTY TAXES
| Parcel Number | 07-21-376-021 | Improvements Assessment | $1,047,960 |
| Land Assessment | $108,360 | Total Assessment | $1,156,320 |
