Cincinnati, OH (Winton Road) - Dunkin Donuts

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land and building) in a personal and corporate guaranteed (Gilligan Oil Company), single tenant, absolute NNN leased, Dunkin’ Donuts with drive-thru located in Cincinnati, Ohio. The tenant, Dunkin’ Donuts, will begin a brand new
20-year lease at the close of escrow with 3 (5-year) option periods to extend. The lease features rare 1.50% annual rental increases throughout the initial term and options, and is absolute NNN leased with no landlord responsibilities. The store features strong profitability and a healthy rent to sales ratio and EBITDA to rent coverage ratio (contact agent for details).

The subject site is located near the signalized, hard corner intersection of Winton Road and Hempstead Drive (combined 23,400 cars per day) with excellent visibility and access. Dunkin’ Donuts is located in a strong retail corridor with nearby national/credit tenants that include Kroger, CVS, Petco, Planet Fitness, Family Dollar, Advance Auto Parts, and more, further increasing consumer traffic and crossover shopping to the trade area. The 5-mile trade area is supported by a dense population of approximately 232,000 and an average househould income of $62,000.

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Listing ID: a284o000000iBfWAAU