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Dunkin’ | Absolute Triple Net (NNN)

$1,456,310

2 1/2 North Main Street, Ellenville, NY 12428

Pending
Last Updated: 08/05/2021

5.15

Cap Rate

75,000

NOI

Details:
Cap Rate:    5.15%
NOI:    $75,000
Building Size:    2,640 sqft
Lot Area:    0.74 acres
Lease Type:    Absolute Net
Year Built:    1991
Price Per Sqft:    $551.63
Year Last Renovated:    2020
Highlights:
  • Long Term Absolute Triple Net (NNN) 20 Year Lease With Zero Landlord Responsibilities
  • Fully Renovated Building With a Drive-Thru
  • Property Recently Underwent an $800,000 Remodel; Tenant Contributed $600,000 Towards the Work Showing a Long-Term Commitment to the Site
  • Attractive 5% Rent Increases Every 5 Years Including Options
  • Very Successful Tenant Who Has Operated at this Location For 38 Years
  • 46-Unit Operator Guarantee
  • Availability to Depreciate the Building and the Improvements
  • E-Commerce, Recession and COVID Proof Tenant
  • Located on N Main Street Which Sees More Than 10,700 Vehicles Per Day Pass By
  • Less Than a 2-Hour Drive From New York City
  • Nearby Tenants Include: Dollar Tree, McDonald's, Walgreens, Taco Bell, AutoZone, ShopRite, Walmart Supercenter, Tractor Supply, Dollar General, Ace Hardware Store, Valero and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2 ,640 SF Dunkin’ Located at 2-1/2 North Main Street in Ellenville, New York . This Deal Includes a Long-Term Absolute Triple Net (NNN) 20 Year Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.

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