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Dunkin' - Gainesville FL 7605 W Newberry Rd 2,692 SF Retail Building Gainesville, FL 32606 $1,320,000 ($490.34/SF) 5% Cap Rate
Investment Highlights
- 11+ Years Remaining | Options To Extend | Personal Guaranty | Scheduled Rental Increases
- Gainesville, FL | Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
- Excellent Frontage Visibility | Off I-75 (57,000 VPD) | University Of Florida (62,000 Students) | The Oaks Mall (4M+ Visits)
Executive Summary
• Dunkin has 11+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• Dunkin’ is the largest coffee and donuts brand in the U.S., with over 10,000 domestic locations and more than 14,000 restaurants across nearly 40 global markets
• The lease is personally guaranteed by Timothy E. Cloe, an experienced Dunkin’ franchise owner and operator
• The lease features 10% rental increases every five years and at the beginning of each option
• Dunkin’ is the largest coffee and donuts brand in the U.S., with over 10,000 domestic locations and more than 14,000 restaurants across nearly 40 global markets
• The lease is personally guaranteed by Timothy E. Cloe, an experienced Dunkin’ franchise owner and operator
• The lease features 10% rental increases every five years and at the beginning of each option
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,692 SF
Building Class
C
Year Built/Renovated
2000/2005
Price
$1,320,000
Price Per SF
$490.34
Cap Rate
5%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.46 AC
Parking
21 Spaces (7.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06656-002-004 | Improvements Assessment | $330,196 |
| Land Assessment | $601,128 | Total Assessment | $931,324 |
Property Taxes
Parcel Number
06656-002-004
Land Assessment
$601,128
Improvements Assessment
$330,196
Total Assessment
$931,324
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